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The Economic Times

Economy / The Economic Times

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US says it permitted India to accept Russian oil to ease global supply gap

The US has granted India a temporary 30-day waiver to purchase Russian oil, citing the developing security situation in West Asia and its impact on global shipping routes. This move aims to stabilize oil prices and ensure energy availability for India, which has diversified its import sources. Officials assure no energy shortage for consumers.

7 Mar 2026 6:32 am