US may end Russian oil sanctions waiver, impacting Indian refiners

US may end Russian oil sanctions waiver, impacting Indian refiners — The US is considering ending waivers that allow India to import Russian oil without sanctions, potentially disrupting $4.5 billion in annual crude purchases. Indian refiners like IOCL, RELIANCE, and HPCL could face higher costs or supply shifts. This move may tighten global oil flows and widen Indian refining margins if alternatives are costlier.

📊 STOCKS: IOCL | RELIANCE | HPCL | 🏢 SECTOR: Energy | #HIGHIMPACT #Oil