US Ends Waivers on Russian, Iranian Energy; India Among Nations Impacted

April 16, 2026

Washington: The United States has decided not to extend sanctions waivers that allowed energy purchases from Russia and Iran. US Treasury Secretary Scott Bessant announced this on Wednesday.

Policy tightened, waivers ended

Under these waivers, many countries, including India, were able to purchase limited quantities of oil from Russia and Iran despite sanctions. Now, with this decision, the US has further hardened its stance.

Criticism from US leaders

US leaders had already strongly criticized these waivers, arguing that they weaken economic pressure on Russia and Iran.

Potential impact on India

India, which has been a major beneficiary of these waivers, may now face challenges regarding cheap oil supplies. This is likely to increase import costs and force the search for alternative sources.

Impact on Global Markets

This decision could impact global oil supplies and potentially lead to higher prices. Furthermore, this move could impact international energy and diplomatic dynamics.