The United States has implemented a temporary 30-day waiver, permitting Indian refiners to purchase Russian crude oil already positioned on ships near Southern Asia. This authorization allows India to refine the acquired oil and subsequently release it into the global market.
According to statements from Treasury Secretary Scott Bessent and Energy Secretary Chris Wright, this measure is intended to alleviate pressure on international oil flows during the ongoing conflict in West Asia. The policy is described as a practical step to facilitate oil supply and help stabilize market conditions.
Source: https://indianexpress.com/article/world/us-india-purchase-russian-oil-at-sea-iran-war-10568796/
