LIVE: India Can Buy Russian Oil Again After U.S. U-Turn | Iran War | Firstpost Live
India has received a 30-day sanctions waiver from the United States, allowing Indian refiners to purchase Russian crude oil. The US Treasury says the licence permits transactions involving Russian oil that was already loaded onto vessels as of March 5, 2026, and will remain valid until April 3. The move comes amid a rapidly escalating crisis in West Asia. Iran’s blockade of the Strait of Hormuz, a key maritime chokepoint handling about 20% of global oil supplies, has disrupted energy markets and pushed crude prices higher. Washington described India as an “essential partner” and said the temporary measure is meant to keep oil flowing into global markets while tensions with Iran intensify.---
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