US Ends Oil Sanctions Waiver: India Faces Tighter Crude Supply
The United States has officially ruled out the renewal of a temporary sanctions waiver that allowed India and several other nations to purchase Russian and Iranian oil. Speaking at a White House briefing on April 15, 2026, U.S. Treasury Secretary Scott Bessent confirmed that the "general licenses" for these oil purchases—originally issued in early March to stabilize global energy markets—have expired and will not be reissued. Bessent noted that the waiver was a short-term, pragmatic measure intended only for oil that was already "on the water" prior to March 11. With that supply now utilized, Washington is pivoting back to a "maximum pressure" strategy to squeeze the revenues of sanctioned regimes amid the ongoing West Asia conflict. This decision is expected to hit Indian refiners hard, ...










