US issues 30-day waiver allowing Indian refiners to purchase Russian oil amid Iran war
New York/Washington (PTI): Amid the escalating conflict with Iran, the US said it is issuing a temporary 30-day waiver to allow Indian refiners to purchase Russian oil.
"President Trump's energy agenda has resulted in oil and gas production reaching the highest levels ever recorded. To enable oil to keep flowing into the global market, the Treasury Department is issuing a temporary 30-day waiver to allow Indian refiners to purchase Russian oil," Treasury Secretary Scott Bessent said on Thursday.
He said this "deliberately short-term measure" will not provide significant financial benefit to the Russian government, as it only authorises transactions involving oil already stranded at sea.
"India is an essential partner of the United States, and we fully anticipate that New Delhi will ramp up purchases of U.S. oil. This stop-gap measure will alleviate pressure caused by Iran's attempt to take global energy hostage,” Bessent said in a post on X.
US President Donald Trump had imposed 25 per cent punitive tariffs on India for buying Russian oil, with the administration asserting that Delhi's purchases were helping fuel Russia's war against Ukraine.
Last month, the US and India announced they had reached a framework for an Interim Agreement on trade, and Trump issued an Executive Order removing the 25 per cent punitive tariffs on India, noting the commitment by New Delhi to stop importing energy from Moscow and increase purchasing American energy products.
A statement from the Department of Treasury titled 'Authorizing the Delivery and Sale of Crude Oil and Petroleum Products of Russian Federation Origin Loaded on Vessels as of March 5, 2026 to India' said that "all transactions prohibited...that are ordinarily incident and necessary to the sale, delivery, or offloading of crude oil or petroleum products of Russian Federation origin loaded on any vessel, including vessels blocked under the above listed authorities, on or before 12:01 a.m. eastern standard time, March 5, 2026 are authorized through 12:01 a.m. eastern daylight time, April 4, 2026, provided that the delivery or offloading of such crude oil or petroleum products occurs at a port" in India and the purchaser of such crude oil or petroleum products is an entity organised under the laws of India.
The general license issued by the Treasury Department said it does not authorise any other transactions or activities prohibited by any other Executive order, including any transaction or activity involving Iran, the Government of Iran, or Iranian-origin goods or services that is prohibited by the Iranian Transactions and Sanctions Regulations.
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Oath-taking ceremony of first BJP govt in Bengal on May 9; Modi, Shah likely to attend
Kolkata (PTI): The oath-taking ceremony of the first BJP government in West Bengal will be held at Brigade Parade Ground here on May 9, marking the saffron camp’s arrival in power in a state after decades on the political fringes.
The ceremony, scheduled to begin at 10 am, is expected to witness the presence of Prime Minister Narendra Modi, Union Home Minister Amit Shah, BJP president Nitin Nabin, several Union ministers and chief ministers of BJP- and NDA-ruled states, party sources said.
“The new BJP government will take oath on May 9 at 10 am at Brigade Parade Ground,” state BJP president Samik Bhattacharya announced on Wednesday.
Even as the BJP leadership kept its cards close to the chest on the chief ministerial face, Leader of the Opposition Suvendu Adhikari has emerged as a frontrunner in internal discussions after cementing his position as the party’s principal mass leader in Bengal politics.
Adhikari, once among Mamata Banerjee’s closest lieutenants and a key architect of the TMC’s rural expansion in districts such as Purba Medinipur, crossed over to the BJP ahead of the 2021 assembly elections and went on to defeat Banerjee in Nandigram in one of Bengal’s fiercest political battles.
Five years later, he again found himself at the centre of Bengal’s political churn by beating Banerjee in her own turf at Bhabanipur by over 15,000 votes.
Other names for the CM post doing the rounds include Bhattacharya, Union minister Sukanta Majumdar and former Rajya Sabha MP Swapan Dasgupta, though party insiders indicated that the leadership was inclined towards projecting a “bhumiputra” face rooted in Bengal’s linguistic and cultural ethos.
During the campaign, Shah repeatedly asserted that the BJP’s chief minister in Bengal would be a “son of the soil”, born and educated in the state, in an attempt to blunt the TMC’s sustained attack that the BJP represented an “outsider” political culture alien to Bengal’s social and intellectual traditions.
The BJP bagged 207 of the 294 assembly seats in the recently concluded elections, ending the Trinamool Congress’s uninterrupted 15-year rule and scripting the saffron party’s biggest breakthrough in a state where it once struggled to open its electoral account.
Significantly, the swearing-in ceremony will be held on the 25th day of Baisakh in the Bengali calendar — observed across the state as Rabindra Jayanti, the birth anniversary of Rabindranath Tagore — lending the event a deeper cultural symbolism.
According to BJP leaders, the choice of the date is aimed at embedding the party’s historic rise within Bengal’s cultural imagination and countering the long-standing perception battle over identity and belonging.
Over the last decade, the BJP has steadily attempted to appropriate and reinterpret icons of Bengal’s cultural nationalism — from Tagore and Swami Vivekananda to Netaji Subhas Chandra Bose and Syama Prasad Mookerjee — as part of a broader ideological effort to expand its emotional and political footprint in the state.
Party insiders said the leadership was also conscious of the need to balance Bengal’s competing regional aspirations while choosing the chief ministerial face, with discussions also taking place around whether greater representation should be accorded to north Bengal, a region where the BJP has made substantial electoral gains over successive elections.
A meeting of the newly elected BJP MLAs has been convened on May 8 evening, party sources said, though the leadership remained tight-lipped over the final choice.
The Brigade Parade Ground ceremony is expected to mark not merely a transfer of power, but a defining moment in Bengal’s political history, the culmination of the BJP’s long ideological and organisational march from the margins to the centre of power in a state that had for decades resisted the saffron surge seen elsewhere in India.
