US ends sanctions waivers for Russian and Iranian oil purchases

Summary

The U.S. has ended sanctions waivers that allowed countries like India to buy Russian and Iranian oil without penalties. This decision may tighten global oil supplies and increase pressure on Indian refiners.

Recent Coverage

• Kirill Dmitriev says new US waiver to hit 100 mln barrels of Russian oil

  Economic Times - India Time • Apr 18

• US extends waiver allowing India and other countries to buy Russian oil

  Economic Times - India Time • Apr 18

• US renews Russian oil waiver after pressure from countries dealing with Iran war price shocks

  Reuters Energy • Apr 18

• US move on Russian oil waiver adds pressure as Iran war strains energy markets, India engaged in talks: Sources

  Economic Times - India Time • Apr 17

• India may get a crude hit from Trump's curbs on Russian & Iranian oil buying freedom

  Economic Times - India Time • Apr 16