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US grants 30 day extension on Russian oil waivers easing pressure on India and global markets
Economy
Published on 24 April 2026
A short waiver stretch could shift oil prices fast
The US has extended sanctions relief for Russian seaborne oil by 30 days, responding to requests from vulnerable countries including India. Officials say the step is meant to ease supply disruptions and help cool rising energy prices amid ongoing geopolitical tensions. The extension is expected to support stability in global oil markets while uncertainty continues.
- US extended sanctions relief for Russian seaborne oil by 30 days
- India and other vulnerable nations asked for added support against disruptions
- The move targets easing pressure from higher energy prices
- Extension aims to stabilize global oil markets during tensions
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times