{"id":88651,"date":"2026-04-17T00:00:00","date_gmt":"2026-04-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/mena-india\/?p=88651"},"modified":"2026-04-17T10:11:47","modified_gmt":"2026-04-17T10:11:47","slug":"washington-halts-crude-waivers-choking-indias-access-to-russian-and-iranian-oil","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/mena-india\/2026\/04\/17\/washington-halts-crude-waivers-choking-indias-access-to-russian-and-iranian-oil\/","title":{"rendered":"Washington halts crude waivers, choking India\u2019s access to Russian and Iranian oil"},"content":{"rendered":"

The<\/strong> US will not renew temporary waivers that <\/strong>allowed<\/strong> India limited imports of Russian and Iranian crude<\/strong>, Treasury Secretary Scott Bessent said in a White House press briefing (watch, runtime: 41:19<\/a>). <\/p>\n

Waivers expire, supply clamped: <\/strong>Washington\u2019s decision ends the short-term relief that had enabled buyers including India to purchase sanctioned crude<\/a> already at sea.<\/p>\n

Why it matters:<\/strong> Import-dependent economies like India had lobbied for an extension to offset disruptions to supplies from the GCC. Higher freight, ins. and crude prices are already feeding into fuel inflation across the country. While targeted exemptions remain possible, the US has not clarified if country-specific waivers will be granted.<\/p>\n

IN CONTEXT- <\/strong>India\u2019s crude imports from Russia surged nearly 150%<\/a> in March following the waiver. Meanwhile, the first Iranian crude and LPG cargoes<\/a> in almost seven years \u2014 since the 2019 US sanctions were imposed \u2014 arrived at Indian ports.<\/p>\n

Hormuz compounds impact:<\/strong> The near paralysis of traffic through the Hormuz \u2014 through which about a fifth of global oil passes \u2014 is mounting supply risks for Indian refiners. A US blockade on Iranian supplies is further deterring shipments and removing barrels from the market.<\/p>\n

Indian government expects bottlenecks to persist after the war<\/p>\n

Disruptions to the global liquefied petroleum gas (LPG) supply chain could take three to four years to normalize<\/strong>, as uncertainty persists over damage to production and export infrastructure in the Middle East, Moneycontrol<\/a> reports, citing a senior Indian government official. Even after rerouting shipments, supply disruption could remain at 40-50%, depending on the extent of damage to upstream infrastructure in the Gulf, analysts told the outlet. <\/p>\n

REMEMBER- <\/strong>India meets about 60% of its LPG needs<\/a> through imports, with the GCC historically accounting for the bulk of supply. <\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n","protected":false},"excerpt":{"rendered":"

The end of the temporary relief threatens to further squeeze Indian energy markets as global oil prices surge and the Hormuz blockade continues<\/p>\n","protected":false},"author":1,"featured_media":88652,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2410],"tags":[2409,2760,2402,2450,2404,2756],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88651","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-energy","tag-energy-watch","tag-enterpriseam-india","tag-india-russia","tag-oil-and-gas","tag-russian-oil","wpautop","entry"],"acf":{"mongo_id":"fae3f096-6f60-499f-8629-beed044d2683","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/12\/756.jpg","photo_position":"above","homepage_title":"","full_issue_title":"US 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