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The Times of India

Business / The Times of India

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Iran war oil shock: India buys 30 million barrels of Russian crude after US waiver

India has secured approximately 30 million barrels of Russian crude following a US waiver, with refiners like Indian Oil and Reliance Industries swiftly acquiring stranded cargoes. This move comes as Middle East disruptions impact traditional oil flows, pushing India to seek alternative supplies. The US clarified the waiver is temporary, aimed at stabilizing global energy markets.

11 Mar 2026 1:39 pm