Brief by Shorts91 Newsdesk / 06:18am on 18 Apr 2026,Saturday India Global
The US Treasury Department has reversed course, issuing a fresh 30-day license allowing countries, including India, to purchase Russian oil without sanctions, just two days after saying it would not. The waiver permits transactions for Russian crude loaded on or before April 17 through May 16, while excluding Iranian energy. The move follows pressure from Asian buyers amid rising global prices triggered by the US-Iran conflict. India had ordered about 30 million barrels under earlier waivers. The decision faces criticism in Washington, where lawmakers argue it boosts Moscow’s revenues despite ongoing geopolitical tensions. (PC: X)
