US Urges India to Buy Russian Oil

The United States, through Energy Secretary Chris Wright and Treasury Secretary Scott Bessent, has urged India to purchase over 100 million barrels of Russian crude oil currently waiting offshore for Chinese refineries. This proposal is a short-term effort by the Trump administration to stabilize global energy markets and prevent further price spikes caused by disruptions in the Middle East, particularly the conflict involving Iran and its impact on tanker traffic through the Strait of Hormuz. The US emphasized that this move does not signify a change in its broader policy toward Russia, and India has already diversified much of its energy sourcing away from Russian crude. The goal is to quickly bring additional crude supplies into global markets and reduce market anxiety, as current price increases are attributed more to fear than an actual shortage of oil.