Chinese Donald Trump Economy embassy Exports Import India Indian Iran Middle East New Delhi Oil Russia Sanctions Supplier Twitter United Nations United States War Washington
Synopsis US officials defended a temporary waiver allowing India to buy Russian crude, saying it would help stabilise global oil markets amid supply risks from the Iran war. Energy Secretary Chris Wright said Washington urged India to purchase Russian oil already stranded on tankers and redirect it to Indian refineries to ease fears of shortages and curb price spikes. Top US officials defended the temporary waiver of sanctions on India for purchasing Russian crude oil, stating it would help temper rising global oil prices and assuage concerns of supply crunch due to the current challenges in procuring shipments from the…
News Timeline:
Track the development of this news story across the Internet.