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India may cut Russian oil imports as US waiver expires amid Iran war supply squeeze
Economy
Published on 13 May 2026
A weekend decision could reshape India’s crude supply
Indian refiners are preparing for a potential reduction in Russian oil imports as a US waiver set to expire this weekend nears. Geopolitical tensions tied to the Iran war have disrupted Persian Gulf supplies, pushing India toward more Russian crude in recent weeks—making the waiver’s end a high-stakes moment for sourcing and costs.
- US waiver expiration could force India to rethink Russian crude volumes
- Iran war pressures Persian Gulf supplies and drives substitution toward Russia
- Refiners face a tight timing window this weekend
- Changes could impact energy availability and pricing
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times