BUSINESS Israel-Iran war: What US 30-day waiver on Russian oil means for India – explained Sumitra March 7, 2026 Around 90% of India’s crude oil is imported – and around 40-50% of India’s crude oil imports come from the Middle East, particularly after it substantially reduced purchases of Russian crude oil. Continue Reading Previous: ‘Allowing India to take Russian oil already on ships’: US clarifies on 30-day waiver Related Stories BUSINESS ‘Allowing India to take Russian oil already on ships’: US clarifies on 30-day waiver Sumitra March 7, 2026 BUSINESS US mortgage rates rise to 6% after three-week slide as oil-driven bond yields climb Sumitra March 6, 2026 BUSINESS US stocks today: Dow tumbles 800 points, S&P 500 and Nasdaq slip as oil surges after Iran tanker strike Sumitra March 6, 2026