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.