India: India has requested the United States to extend its waiver permitting imports of Russian oil, Bloomberg News reported, citing people familiar with the matter. The move comes as ongoing conflict in the Persian Gulf continues to disrupt global energy supply chains.
According to the report, the waiver allows Indian refiners to continue purchasing Russian crude despite broader Western sanctions, and is set to expire in the coming days. Indian officials are seeking an extension to ensure stable energy flows and avoid supply shocks amid heightened regional instability.
The report, attributed to Bloomberg and carried by Reuters, noted that the situation in the Persian Gulf has added pressure on global oil markets, prompting several countries to reassess energy security arrangements. Reuters said it could not independently verify the development.
India has significantly increased imports of discounted Russian oil in recent years, balancing energy affordability with geopolitical constraints.