US Extends Waiver Allowing Indian Imports of Russian Crude
The US extended a waiver allowing imports of Russian crude and oil products for 30 more days as of May 18, providing relief to India's refineries. The Trump administration first introduced the waiver in March due to Gulf disruptions, with New Delhi being the largest buyer of seaborne Russian crude during this period.
Topics: India imports Russian oil Strait of Hormuz blockage US sanctions