New Delhi, Oct. 17 -- US President Donald Trump's decision to waive additional tariffs of 100 per cent on major buyers of Russian oil has provided immediate relief to India, reducing the risk of fresh trade penalties and offering Indian refiners greater flexibility in crude purchases. However, experts warned that the benefits remain uncertain and will depend on global oil prices, supply conditions and future US trade policy.

Trump signed an Executive Order on Friday implementing the Lindsey O Graham Sanctioning Russia and Iran Act of 2026, while simultaneously waiving several sanctions and additional duties under the legislation.

The order provides for additional tariffs of 100 per cent on goods from the five largest importers of Russia...