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Story summary
- The United States granted India a temporary 30-day waiver to purchase Russian oil already on ships, announced by White House Press Secretary Karoline Leavitt, to ensure energy supplies amid the Iran conflict.
- The waiver applies to oil loaded before March 5 and is limited in scope, with officials saying it will not impact Russian oil revenues.
- Indian companies quickly secured about 30 million barrels of Russian crude, paying premiums above Brent.
