US Encourages India's Temporary Shift to Russian Oil Amidst West Asia Conflict

The United States has urged India to purchase Russian oil afloat at sea to stabilize market prices during the West Asia conflict. This short-term strategy does not indicate a policy change towards Russia. India is actively reallocating oil imports from Russia to other countries like the US and Venezuela.

The United States has strategically advised India to acquire Russian oil currently afloat at sea, as a means to stabilize volatile market prices amidst the ongoing West Asia conflict, announced Energy Secretary Chris Wright. This temporary maneuver does not signify a shift in Washington's stance against Moscow.

Secretary Wright, alongside Treasury Secretary Scott Bessent, engaged with Indian officials regarding the potential purchase of Russian crude destined for Chinese refineries. The aim is to preempt price spikes and supply shortages by rerouting the oil to Indian refineries.

US Ambassador Mike Waltz emphasized the temporary nature of this decision, stating it aids in relieving market tension without undermining efforts against Iran. Treasury Secretary Bessent further explained the situation addressing potential future actions to unsanction select Russian oil to maintain global supply balance.

(With inputs from agencies.)