US Hails India as 'Good Actor' After Russian Oil Purchase Waiver Amid Iran War
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US Calls India 'Good Actor,' Waives Russian Oil Ban Amid Iran War
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News18•11-03-2026, 01:07
US Calls India 'Good Actor,' Waives Russian Oil Ban Amid Iran War
•The US granted India a temporary waiver to purchase Russian oil, citing India as a "good actor" for previously stopping purchases.
•The waiver comes amid the US-Israeli war on Iran, which has sharply increased global crude oil and LNG prices.
•White House Press Secretary Karoline Leavitt stated the decision was made as India had previously complied with US demands regarding sanctioned Russian oil.
•US Treasury Secretary Scott Bessent announced a 30-day waiver to stabilize global energy markets and alleviate pressure from Iran's actions.
•The US considers India an "essential partner" and anticipates New Delhi will increase its purchase of US oil.