India’s trade deal with President Trump was supposed to end its imports of oil from Russia. But then the conflict in the Middle East has cut off alternative supplies.

The US has issued a 30-day waiver allowing India to buy Russian crude oil as tensions in West Asia disrupt supply routes and push global crude prices higher.

Treasury Secretary Scott Bessent noted that the decision will only allow purchase of Russian oil stuck at sea. He said that the move will not benefit Russia economically.

US has granted a 30-day waiver allowing India to purchase Russian oil cargoes already at sea to ease pressure on global markets.

With shipping via Strait of Hormuz restricted, international oil prices are spiking. Industry experts see the move as part of Donald Trump’s effort to prevent an additional and sustained spike, given the mid-term elections in the US later this year.

With the Strait of Hormuz closed, Russia is ready to divert 9.5 million barrels of oil to India. Learn how New Delhi is securing its energy future amid regional conflict.

Russia has offered to fully meet India’s energy needs if Middle East tensions disrupt oil and gas supplies, after QatarEnergy halted LNG production following Iranian drone strikes.

Russia reports India's renewed interest in larger crude oil imports amid Strait of Hormuz disruptions. Moscow sees this as a chance to reduce discounts to Asian buyers. India, however, assures sufficient reserves and diversified sourcing,