Russian Oil Sanctions Return? India in Wait-and-Watch Mode After US Waiver Expires
he temporary US waiver allowing purchases of Russian oil has expired, raising fresh uncertainty over whether the Trump administration will reimpose sanctions.
India is now in a wait-and-watch mode, with no official announcement yet from Washington on whether the sanctions regime will return. The development comes as global energy markets remain volatile amid continuing tensions in the Strait of Hormuz and the wider West Asia conflict.
