US will not extend waiver allowing countries to buy Russian, Iranian crude oil; India among those affected iran war news
Washington: The US is not extending its waiver on sanctions, which allowed nations, including India, to buy Russian and Iranian crude oil, Treasury Secretaryย Scott Bessent has announced at the White House. India was a major beneficiary of the sanctions waivers, a move that drew sharp criticism from US politicians who argued it eased financial pressure on Moscow and Tehran. "We will not be renewing the general license on Russian oil, and we will not be renewing the general license on Iranian oil. That was oil that was on the water prior to March 11. So all that has been used,โ…