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Trump sanctions waiver on Russian crude expires: What it means for India amid US-Iran peace deal, Strait of Hormuz opening
In wake of the US-Iran understanding for a peace deal and the signing of an MoU, the Trump administration has quietly let the sanctions waiver for Russian crude oil to lapse. US President Donald Trump had earlier this week hinted that sanctions on Russian oil could be back once the Strait of Hormuz opens and normalises global oil supplies.
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theprint.in
As US-Iran deal announcement paves way for Hormuz reopening, what lies ahead for India & oil markets
Crude prices fall as markets price out West Asia conflict risk. Analysts say India could benefit through lower import bill, easing inflation and improved energy security.
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hindustantimes.com
What US-Iran deal means for India
The conflict exposed India’s over-dependence on West Asia, from where it sources about 50% of its crude oil, around 70% of LPG supplies and almost 90% of LNG imports. | India News
