
The passage of the Lindsey Graham Act in the House and Senate allows President Trump to impose tariffs of up to 100 percent on exports from India to the US.
Brics leaders issued a joint statement expressing concern over the West Asia conflict while criticising unilateralism, tariffs and sanctions, without naming the US


Indian state-held refiners are considering buying Iranian crude oil if the United States extends the waiver on Iran’s oil sales beyond August or further eases restrictions on that trade. As part of the 14-point memorandum of understanding with Iran, the Unite…

Iran is pitching its oil to Asian buyers outside China, contacting India, South Korea, and Japan, as the United States issued a temporary two-month waiver allowing Iranian oil sales, including in U.S. dollars, until August 21. As part of the 14-point memorand…
The US has waived sanctions on Iranian oil sales for 60 days, potentially boosting global oil supplies and lowering prices amidst increased demand. Indian refiners are expected to cautiously resume imports, considering trade feasibility and payment mechanisms.

Iran is racing to court some of Asia's largest oil buyers as a 60-day U.S. sanctions waiver takes effect.

India will persist in buying Russian crude oil despite US sanctions, prioritizing energy security and commercial viability.

The remarks came after a temporary US sanctions waiver allowing the sale and delivery of Russian seaborne crude expired on May 16.
GIFT Nifty rallied nearly 1% after reports indicated possible temporary US sanctions relief on Iranian oil exports. Hopes of additional crude supply eased inflation and energy shock concerns, lifting investor sentiment despite ongoing geopolitical tensions, v…

India has been buying Russian oil irrespective of U.S. sanctions waivers, Sujata Sharma, a joint secretary in the petroleum ministry, said on Monday.