Afghanistan, March 6 -- The United States has granted India a 30-day waiver allowing it to purchase Russian crude as the war involving Iran raises concerns over global oil supply disruptions.
Washington said the temporary measure aims to stabilise energy markets as escalating tensions in the Middle East threaten global oil flows.
U.S. officials said the waiver would allow India, the world's third-largest oil importer, to access Russian crude supplies while markets adjust to disruptions from the conflict.
U.S. Treasury Secretary Scott Bessent said the measure would allow transactions involving oil already stranded at sea and was unlikely to significantly benefit Russia financially.
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