Trump’s Russian oil waiver offers little relief for India

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Why This Matters

India is facing a supply shock from the Middle East despite receiving a waiver from the US to buy 'on-water' Russian crude oil, leaving Indian refiners with limited relief.

Market Impact

Market impact analysis based on bearish sentiment with 80% confidence.

Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term

Article Context

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US permission to buy ‘on-water’ crude leaves Indian refiners still facing Middle East supply shock

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Full article on Financial Times
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Original article published by Financial Times on March 10, 2026.
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