US Authorizes 30-Day Window for Indian Refiners’ Russian Oil Deals

To counter attempts to disrupt global energy supplies, the U.S. has provided a 30-day window for Indian refiners to complete Russian oil purchases for transit-bound cargoes. Treasury Secretary Scott Bessent emphasized that this short-term measure is designed to maintain market flow without undermining broader sanctions goals. India’s heavy reliance on the Strait of Hormuz makes this waiver critical for its economic stability during the current regional turmoil. This development highlights the complex intersection of geopolitical conflict, energy security, and international trade sanctions in a volatile market.