#indianrefiners
US Sanctions Waivers on Russian and Iranian Oil: Impact on India’s Energy Supply
On April 15, US Treasury Secretary Scott Bessent announced that the US will no longer extend the sanctions waivers that allowed several countries to purchase oil from Russia and Iran. These waivers, which were initially intended to ease global oil supply disruptions, are now being revoked. Bessent emphasized that the move to not renew the general licenses on Russian and Iranian oil would lead to penalties for countries still involved in these transactions. He further warned that secondary san
US Sanctions Waivers on Russian and Iranian Oil: Impact on India’s Energy Supply
On April 15, US Treasury Secretary Scott Bessent announced that the US will no longer extend the sanctions waivers that allowed several countries to purchase oil from Russia and Iran. These waivers, which were initially intended to ease global oil supply disruptions, are now being revoked. Bessent emphasized that the move to not renew the general licenses on Russian and Iranian oil would lead to penalties for countries still involved in these transactions. He further warned that secondary san
India Imports Iranian Oil After U.S. Temporarily Lifts Sanctions
On Saturday, April 4, 2026, India marked a significant milestone in its energy dealings by making its first purchase of Iranian oil in over seven years. This comes after a period of strained relations due to U.S. sanctions that pressured India to halt its imports of Iranian crude back in May 2019. However, the ongoing conflict in the Middle East, particularly the U.S.-Israel war, has severely disrupted global oil supplies, pushing India to seek alternative sources of crude oil. The supply cha
India Imports Iranian Oil After U.S. Temporarily Lifts Sanctions
On Saturday, April 4, 2026, India marked a significant milestone in its energy dealings by making its first purchase of Iranian oil in over seven years. This comes after a period of strained relations due to U.S. sanctions that pressured India to halt its imports of Iranian crude back in May 2019. However, the ongoing conflict in the Middle East, particularly the U.S.-Israel war, has severely disrupted global oil supplies, pushing India to seek alternative sources of crude oil. The supply cha









