US calls India’s Russia oil waiver a short-term step to steady prices
- Posted on March 6, 2026
- By Business News Today
- 8 Views
US calls India’s Russia oil waiver a short-term step to steady prices
America has granted India a temporary waiver to buy Russian oil. This move aims to bring stored oil into the market and ease global price pressures. US Energy Secretary Chris Wright explained this is a short-term solution. The waiver allows Indian refiners to purchase oil already at sea.
