Brief by Shorts91 Newsdesk / 12:34pm on 18 Oct 2026,Sunday India Global
US President Donald Trump has waived key provisions of a law that threatened tariffs of up to 100% on countries buying Russian oil, offering temporary relief to India. US Secretary of State Marco Rubio said Trump wants 60 days to assess the economic impact of sanctions and tariffs on global and US markets. Rubio acknowledged that India has diversified its energy sources but remains heavily dependent on Russian supplies. The waiver comes amid global energy disruptions linked to conflicts involving Iran and Russia’s war in Ukraine. Washington has not ruled out further action after reviewing the economic impact. (PC: News18)
