The United States has given “permission” to India to buy Russian oil already stranded at sea, granting a temporary waiver to help stabilise global oil supplies amid disruptions caused by the escalating conflict in West Asia.US Treasury Secretary Scott Bessent praised India as a “very good actor” for previously complying with Washington’s request to halt…
Athletes from Russia walk during the opening ceremony at the 2026 Winter Paralympics, in Verona, Italy. (AP Photo/Antonio Calanni) NEW DELHI: The Milan–Cortina Winter Paralympics officially opened on Friday in Italy, but the ceremony was overshadowed by controversy after Russian athletes were allowed to march under their national flag for the first time since 2014….
The United States has said its decision to grant India a temporary waiver to purchase certain Russian oil supplies is a short-term move aimed at stabilising global crude prices amid supply disruptions linked to tensions in the Middle East.US energy secretary Chris Wright said the measure is intended to quickly bring oil stored in floating…
Indian refiners are currently paying a premium of $2 to $4 per barrel above Dated Brent for deliveries of Russia’s benchmark Urals crude. (AI image) In a quick and immediate fix to the Middle East oil supply shock, Indian refiners have begun purchasing readily available Russian crude oil. With ships and tankers currently not moving…
The head of the International Energy Agency (IEA) has cautioned Europe against returning to Russian gas supplies, warning that doing so would be both economically and politically misguided despite the current turmoil in global energy markets, according to a Reuters report.IEA Executive Director Fatih Birol said the ongoing Middle East crisis has prompted fresh debate…
Rupee strengthened 2 paise to 91.62 against the US dollar on Friday after the United States announced a 30-day waiver allowing Indian refiners to purchase Russian oil. This move comes amid the ongoing war in West Asia and aims to ease pressure on global energy supplies.“This stop-gap measure will alleviate pressure caused by Iran’s attempt…
The US waiver allowing additional purchases of Russian crude over baseload offers short-term relief. (AI image) US-Israel-Iran war impact on India: The Donald Trump administration’s move ‘granting’ waiver to purchase Russian crude in lieu of the de facto closure of the Strait of Hormuz has important implications for India’s energy security. Around 90% of India’s…
Lok Sabha leader of opposition Rahul Gandhi on Friday slammed PM Narendra Modi-led government over its foreign policy in the backdrop of the recent waiver issued by the United States for India allowing New Delhi to buy Russian oil, alleging that it was the result of the “exploitation of a compromised individual.”Taking his criticism to…
NEW DELHI: Congress on Friday targeted the Centre after the United States announced that it would allow India to purchase Russian oil, asking how long this “American blackmail” would continue.In a post on X, Congress general secretary Jairam Ramesh said, “Trump ka naya khel, Dilli dost ko kaha, Putin se le sakte ho tel, kab…
File photo: Scott Bessent The United States has issued a temporary waiver allowing India to continue purchasing Russian oil, with Washington saying the move is aimed at stabilising global energy supplies during rising tensions in the Middle East.On Friday, US treasury secretary Scott Bessent announced the decision in a post on X, saying the Treasury…