atmi_bum
Registered Member
This is why they call it privilege. Bravo, India.
India Gets 30-Day Waiver From US To Buy Russian Oil Amid Iran War
- Thread starter chinasun
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FHN
Trusted Member
While the US allowed a 30-day waiver to India to procure oil from Russia amid the ongoing conflict in Iran, India is expected to pay a heftier price for it. Traders are selling Russian Urals to India at a premium to $4-5 per barrel to Brent on a delivered basis for arrival at Indian ports in March and early April, stated a report. This is in contrast to the discount of $13 per barrel for cargoes traded in February.
INDIA BUYING MILLIONS OF BARRELS’
Indian refiners are buying millions of barrels of prompt Russian crude oil cargoes amid a supply crunch due to the Middle East conflict. As per the Reuters report, state refiners Indian Oil Corp, Bharat Petroleum Corp, Hindustan Petroleum Corp and Mangalore Refinery and Petrochemicals Ltd are talking to traders for prompt delivery of Russian cargoes. Indian state refiners have bought about 20 million barrels of Russian oil from traders so far, the report added.
Related video: Bonnie Glick says US seeks economic stability as India gets temporary Russian oil waiver (ANI - Video)
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Bonnie Glick says US seeks economic stability as India gets temporary Russian oil waiver
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One of the traders involved in Russian oil sales to India said that the Indian refiners are back at the market but more than prices, the availability of molecules have become an issue. A Russian embassy official had, meanwhile, said that Russia is ready to fulfill India's energy demands in case of a disruption of energy supply.
Indian refiners have already started tapping Russian oil aboard vessels floating off the country’s coast to make up for the loss of Middle Eastern crude, the report added.
‘30-DAY STOPGAP’
The US Treasury Department granted India a 30-day waiver on Thursday, enabling Indian refiners to purchase Russian oil currently stranded at sea. The move comes after months of Washington urging New Delhi to limit Russian oil imports to restrict financial flows to Moscow during the ongoing Ukraine conflict.
"To enable oil to keep flowing into the global market, the Treasury Department is issuing a temporary 30-day waiver to allow Indian refiners to purchase Russian oil," Treasury Secretary Scott Bessent said.
The waiver applies only to oil that is already at sea, with authorities clarifying that the measure is strictly time-limited. "This deliberately short-term measure will not provide significant financial benefit to the Russian government as it only authorises transactions involving oil already stranded at sea," he said in a statement.
India had approached the Trump's administration seeking approval to buy Russian crude imports due to the Iran conflict, Reuters stated.
India has crude stocks covering about 25 days of demand, and around 40 per cent of its oil imports coming from the Middle East via the Strait of Hormuz.
India was the leading buyer of Russian seaborne crude following Moscow's 2022 Ukraine invasion, but reduced purchases in January under US pressure in turn bringing down US’ 50 per cent tariffs to 18 per cent.
INDIA BUYING MILLIONS OF BARRELS’
Indian refiners are buying millions of barrels of prompt Russian crude oil cargoes amid a supply crunch due to the Middle East conflict. As per the Reuters report, state refiners Indian Oil Corp, Bharat Petroleum Corp, Hindustan Petroleum Corp and Mangalore Refinery and Petrochemicals Ltd are talking to traders for prompt delivery of Russian cargoes. Indian state refiners have bought about 20 million barrels of Russian oil from traders so far, the report added.
Related video: Bonnie Glick says US seeks economic stability as India gets temporary Russian oil waiver (ANI - Video)
Bonnie Glick says US seeks economic stability as India gets temporary Russian oil waiver
Play Video
Play
Current Time 0:00
/
Duration 1:13
Playback Speed
Subtitles
Fullscreen
Unmute
View on Watch
One of the traders involved in Russian oil sales to India said that the Indian refiners are back at the market but more than prices, the availability of molecules have become an issue. A Russian embassy official had, meanwhile, said that Russia is ready to fulfill India's energy demands in case of a disruption of energy supply.
Indian refiners have already started tapping Russian oil aboard vessels floating off the country’s coast to make up for the loss of Middle Eastern crude, the report added.
‘30-DAY STOPGAP’
The US Treasury Department granted India a 30-day waiver on Thursday, enabling Indian refiners to purchase Russian oil currently stranded at sea. The move comes after months of Washington urging New Delhi to limit Russian oil imports to restrict financial flows to Moscow during the ongoing Ukraine conflict.
"To enable oil to keep flowing into the global market, the Treasury Department is issuing a temporary 30-day waiver to allow Indian refiners to purchase Russian oil," Treasury Secretary Scott Bessent said.
The waiver applies only to oil that is already at sea, with authorities clarifying that the measure is strictly time-limited. "This deliberately short-term measure will not provide significant financial benefit to the Russian government as it only authorises transactions involving oil already stranded at sea," he said in a statement.
India had approached the Trump's administration seeking approval to buy Russian crude imports due to the Iran conflict, Reuters stated.
India has crude stocks covering about 25 days of demand, and around 40 per cent of its oil imports coming from the Middle East via the Strait of Hormuz.
India was the leading buyer of Russian seaborne crude following Moscow's 2022 Ukraine invasion, but reduced purchases in January under US pressure in turn bringing down US’ 50 per cent tariffs to 18 per cent.
lightning f57
Trusted Member
If your Russia now is a good time to go all in and complete your military objectives while the US and allies are busy with Iran.
Mighty_Dragon_Strike
Trusted Member
30 days on paper, to fool us
Nilgiri
INT'L MOD
last reminder to all. No more flamebaiting either.
Raj-Hindustani
Elite Member
Iran lets 2 Indian tankers pass through Hormuz; Thai-flagged vessel attacked
BCCL
Synopsis
Iran war: Indian tankers Pushpak and Parimal were passing safely through the Hormuz though ships from the US, Europe and Israel continue to face restrictions, people said.
By Dipanjan Roy Chaudhury, ET Bureau
Last Updated: Mar 12, 2026, 09:19:00 AM IST
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New Delhi: Iran has allowed India-flagged tankers to pass through the Strait of Hormuz after talks at the foreign-minister level, with the aim of keeping the sea route open in the critical Strait of Hormuz for transportation of crude oil and natural gas.
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Indian tankers Pushpak and Parimal were passing safely through the Hormuz though ships from the US, Europe, and Israel continue to face restrictions, people said.
Raj-Hindustani
Elite Member
hasssanali8998
Elite Member
Reuters citing Iranian sources: We deny allowing the passage of oil tankers flying the Indian flag through the Strait of Hormuz
liar liar pants on fire , no one is allowed to pass . also lmao what will laser eyes do
Yasser76
Elite Member
Not only have Indian media made fools of themselves (as per usual), but by deliberately lying about this they may antaognise the Iranians (who still remember losing many sailors after an exercise with Indian Navy).
Very irresponsible reporting
mulj
Trusted Member
India economic pipe dream growth based on cheap energy is finished now it will be fight to avoid humanitarian disaster when butterfly effect come in full swing, immediate consequence is chronic gas shortage which hurts millions of households and small bussiness.
Really bad situation, indian hindu nazi from bjp should not suck on jewish laid promises like a fool bit i guess hatred for muslims is to strong, good luck being jewish slaves.
Really bad situation, indian hindu nazi from bjp should not suck on jewish laid promises like a fool bit i guess hatred for muslims is to strong, good luck being jewish slaves.
kambhakt
Registered Member
It is to ensure economic stability. Will last as long as it is needed to ensure economic stability.
SoulSpokesman
Trusted Member
Meanwhile the worlds stronkest superpowa America wants the expertise of the Hindu to build a refinery for him
Regards
Regards
Master Chief
Trusted Member
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