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The Economic Times

Economy / The Economic Times

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Top US officials defend temporary waiver on Russian oil exports to India

US officials defended a temporary waiver allowing India to buy Russian crude, saying it would help stabilise global oil markets amid supply risks from the Iran war. Energy Secretary Chris Wright said Washington urged India to purchase Russian oil already stranded on tankers and redirect it to Indian refineries to ease fears of shortages and curb price spikes.

10 Mar 2026 8:18 am