India Seeks Extension to Russian Oil Waiver From US

India has approached the United States for an extension of the waiver that allows imports of Russian crude oil already loaded on ships. The request comes amid disruptions in the Strait of Hormuz for 75 days and a rise in Brent crude prices from 80 to 120 per barrel between 2 March and 9 March 2026.

Russian Oil Imports and US Waiver

The current US authorisation for India covers Russian crude oil that was already loaded onto vessels. This authorisation is set to expire on 16 May 2026. Washington has urged India to reduce purchases of discounted Russian crude in the context of the war in Ukraine. Russian oil is not under a blanket US sanctions regime.

Strait of Hormuz and Global Oil Supply

The Strait of Hormuz is a narrow maritime chokepoint between the Persian Gulf and the Gulf of Oman. It is one of the most important routes for global crude oil and liquefied natural gas shipments. Disruptions in this passage affect tanker traffic, freight costs, and regional supply chains.

India’s Crude Oil and LNG Position

Indian refiners increased imports of Russian crude ahead of the waiver deadline. Kpler data placed these inflows at 2.3 million barrels per day in May 2026. Hardeep Singh Puri stated on 14 May 2026 that India held crude oil and LNG reserves for 69 days and LPG stocks for 45 days.

Important Facts for Exams

• The Strait of Hormuz connects the Persian Gulf with the Gulf of Oman and the Arabian Sea route.
• Brent crude is a major international benchmark for oil pricing.
• Liquefied natural gas is natural gas cooled to about minus 162 degrees Celsius for transport.
• Kpler is a data and analytics firm that tracks global commodity and shipping flows.

Related Energy and Sanctions Context

India declined Russia’s offer to supply liquefied natural gas cargoes subject to US sanctions during Pavel Sorokin’s visit to New Delhi on 30 April 2026. The Iran conflict began on 28 February 2026 and has affected oil and fertiliser import costs for India.