To take pressure off: Trump after US's Russian oil waiver for India amid Iran war
India Today
The US has temporarily permitted India to purchase Russian oil stranded at sea, aiming to relieve global market pressure as tensions disrupt Middle Eastern energy routes. Officials emphasized the measure's short-term nature and its goal of stabilizing oil prices.
US President Donald Trump on Saturday said the decision to temporarily allow India to purchase Russian oil is aimed at easing pressure on global energy markets as tensions continue to disrupt supply routes in West Asia and the Gulf.
Speaking to reporters aboard Air Force One, the US president responded to an announcement by Scott Bessent regarding a 30-day waiver that permits Indian refiners to buy certain shipments of Russian crude already at sea.
The move comes amid growing concerns about potential disruptions to global oil supplies due to security tensions near the Strait of Hormuz.
Commenting on whether additional steps could be taken to stabilise markets, Trump said, "If there were some, I would do it just to take a little of the pressure off."
He added that global supply remained strong despite the ongoing geopolitical tensions. "I think that the oil pressure – there's a lot of oil. We've got a lot of oil. Our country has a tremendous amount, and we have, there's a lot of oil out there. That'll get healed very quickly," the Republican leader said.
The waiver, announced by the US Treasury Department, allows India to import Russian oil shipments that were already en route but became stranded following a fresh round of US sanctions.
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