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The Guardian - UK

Business

Mark Sweney and Jillian Ambrose

US grants waiver to allow India to buy Russian oil amid Iran war

Oil United States India Iran Russia Donald Trump Scott Bessent Kremlin Middle East

The Sheskharis oil terminal in Novorossiysk, Russia — The Sheskharis oil terminal in Novorossiysk, Russia. Photograph: Sergei Guneyev/AP

The US has temporarily allowed India to buy Russian oil currently stuck at sea in an effort to keep global supplies flowing and temper further price increases.

The US treasury has issued a 30-day waiver allowing India to buy Russian oil, having previously imposed heavy sanctions related to the war in Ukraine.

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