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Indian Refiners Purchase Sanctioned and Unsanctioned Russian Oil After US Waiver
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US Waiver Boosts Indian Russian Oil Imports Amid West Asia Tensions
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Moneycontrol
•
07-03-2026, 21:23
US Waiver Boosts Indian Russian Oil Imports Amid West Asia Tensions
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Indian refiners are buying sanctioned and non-sanctioned Russian oil following a US waiver.
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The waiver allows receipt of Russian crude loaded before March 4/5, 2026, addressing West Asia conflict disruptions.
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India is examining international energy portfolios of TotalEnergies and ExxonMobil for LNG and LPG supplies.
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Iran President's remarks on attacks seen as positive for maritime trade in the Strait of Hormuz.
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Strait of Hormuz is critical for India's oil imports, handling 20% of global oil shipments.
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