U.S. grants India 30-day waiver to buy Russian oil as Iran war disrupts global supply

No discounts: Russian crude oil back on tap for India, but at a higher price.

The United States has granted India a 30-day waiver allowing it to purchase Russian crude as the war involving Iran raises concerns over global oil supply disruptions.

Washington said the temporary measure aims to stabilise energy markets as escalating tensions in the Middle East threaten global oil flows.

U.S. officials said the waiver would allow India, the world’s third-largest oil importer...