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2026-05-14 14:17:31
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According to sources, India has requested the United States to extend the waiver for Russian oil imports due to the nearly 11-week-long conflict with Iran disrupting energy supplies. The US initially granted the green light for Russian crude in March, then expanded the authorization, extending it to May 16th, in an attempt to curb rising oil prices by increasing supply. Given the lack of signs of abating in the Middle East conflict, New Delhi officials have warned Washington that securing supplies remains a top priority, as continued volatility in the oil market will trigger widespread ripple effects. Sources indicate that this impact includes the 1.4 billion people of India currently suffering from domestic gas shortages.