US declares 30-day waiver for India to buy Russian oil

The US is collaborating with India to purchase excess Russian oil stranded at sea, aiming to stabilize global crude prices that have surpassed $90 per barrel. This initiative follows a 30-day waiver allowing Indian refiners to buy these Russian cargoes, alleviating supply concerns amid West Asian conflicts.

US declares 30-day waiver for India to buy Russian oil
The US is collaborating with India to purchase excess Russian oil stranded at sea, aiming to stabilize global crude prices that have surpassed $90 per barrel. This initiative follows a 30-day waiver allowing Indian refiners to buy these Russian cargoes, alleviating supply concerns amid West Asian conflicts.