The post US Grants India 30-Day Russian Oil Waiver Amid Escalating Iran War appeared on BitcoinEthereumNews.com.

The waiver lets Indian refineries buy Russian oil that was already sitting on tankers. Washington said the waiver is short-term and targeted, meant to keep oil moving. The decision shows how the global financial system is slowly splitting apart. The United States of America just gave India a 30-day pass to buy Russian oil, trying to keep global energy markets steady as tensions flare up in the Middle East. Announced by the US Treasury, the waiver lets Indian refineries buy Russian oil that was already sitting on tankers before March 5. Most of that oil is currently stuck at sea because of the ongoing conflict in the region. The decision comes as the war involving Iran has disrupted shipping routes through the Strait of Hormuz, one of the world’s most important energy corridors. With tensions rising, fears of supply shortages and higher energy prices are spreading. Washington said the waiver is short-term and targeted, meant to keep oil moving, not hand Russia a financial win. It permits India to buy, ship, and unload the cargo at its ports until April 4. For India, the timing is of utmost importance. The country imports nearly 90% of its oil, and a huge chunk of that usually flows through the Strait of Hormuz. If the disruption drags on, energy supplies could tighten, and inflation could spike. This announcement also marks a practical shift from Washington. The US had been pushing India to cut back on discounted Russian oil after the Ukraine invasion, even slapping on some tariffs. However, with the Iran conflict flaring and oil prices climbing, they’ve had to pivot, at least for now. Possible Impact on Digital Assets In times such as these, Bitcoin, Ethereum, and stablecoins used for cross-border payments start popping up more in conversations about moving money around…

---

Filed under: News - @ March 7, 2026 10:24 am