Welcome to ZisNews!

Read your favorite news, except the excluded topics, by you. Register
No overlapping ads for registered users

US Treasury Secretary Scott Bessent says it will not renew waiver allowing India to buy Russian oil

Posted on: Apr 16, 2026 00:19 IST | Posted by: Hindustantimes
US Treasury Secretary Scott Bessent says it will not renew waiver allowing India to buy Russian oil
US treasury obligations secretarial assistant george c. Scott Bessent says it testament non renew waiver allowing India to buy Russian oil.“We will not be renewing the general license on Russian oil, and we will not be renewing the general license on Iranian oil,” Bessent said during a White House press briefing.What is the waiver on Russian oil?The United States had granted a 30-day “temporary” waiver to Indian refineries, allowing them to continue purchasing Russian energy, amid concerns of rising global prices linked to the ongoing conflict involving Iran and the US-Israel axis, which has also spread to parts of the Gulf.The announcement had been made by US Treasury Secretary Scott Bessent on X, who said the move would not enable Moscow to secure significant financial gains “as it only authorizes transactions involving oil already stranded at sea”.The Trump administration official said the temporary waiver was intended to ease global pressure as Iran seeks to “take global energy hostage”. “India is an essential partner of the United States, and we fully anticipate that New Delhi will ramp up purchases of US oil,” the treasury secretary wrote on X.While threats from Iran had already dampened oil and cargo movement through the strait since the start of US and Israeli strikes in February, a US blockade of the key waterway now risks removing even more crude from global markets.

Global News Perspectives

In today's interconnected world, staying informed about global events is more important than ever. ZisNews provides news coverage from multiple countries, allowing you to compare how different regions report on the same stories. This unique approach helps you gain a broader and more balanced understanding of international affairs. Whether it's politics, business, technology, or cultural trends, ZisNews ensures that you get a well-rounded perspective rather than a one-sided view. Expand your knowledge and see how global narratives unfold from different angles.

Customizable News Feed

At ZisNews, we understand that not every news story interests everyone. That's why we offer a customizable news feed, allowing you to control what you see. By adding keywords, you can filter out unwanted news, blocking articles that contain specific words in their titles or descriptions. This feature enables you to create a personalized experience where you only receive content that aligns with your interests. Register today to take full advantage of this functionality and enjoy a distraction-free news feed.

Like or Comment on News

Stay engaged with the news by interacting with stories that matter to you. Like or dislike articles based on your opinion, and share your thoughts in the comments section. Join discussions, see what others are saying, and be a part of an informed community that values meaningful conversations.

Download the Android App

For a seamless news experience, download the ZisNews Android app. Get instant notifications based on your selected categories and stay updated on breaking news. The app also allows you to block unwanted news, ensuring that you only receive content that aligns with your preferences. Stay connected anytime, anywhere.

Diverse News Categories

With ZisNews, you can explore a wide range of topics, ensuring that you never miss important developments. From Technology and Science to Sports, Politics, and Entertainment, we bring you the latest updates from the world's most trusted sources. Whether you are interested in groundbreaking scientific discoveries, tech innovations, or major sports events, our platform keeps you updated in real-time. Our carefully curated news selection helps you stay ahead, providing accurate and relevant stories tailored to diverse interests.

Login to Like (0) Login to Dislike (0)

Login to comment.

No comments yet.