Donald Trump has said that the United States granted India a temporary waiver to continue purchasing Russian oil in order to reduce pressure on global energy markets during the ongoing conflict involving Iran.

Speaking to reporters aboard Air Force One, Trump said the decision was intended to “take a little of the pressure off” global oil supply as tensions rise in the Middle East.

Temporary Waiver Announced by US

Earlier, Scott Bessent announced a 30-day temporary waiver allowing Indian refineries to process Russian oil shipments that were already at sea.

Bessent clarified that the measure would not significantly benefit Russia financially, as it applies only to oil cargoes that had already been transported before the announcement.

Officials said the waiver was introduced as a short-term step to maintain stability in global energy supply amid disruptions linked to the ongoing Iran conflict.

US Officials Explain Energy Strategy

Chris Wright also explained the decision, stating that the temporary measure was aimed at easing pressure on global oil markets.

In a social media post, Wright said the United States had asked India to refine oil that was already in transit and release those supplies into the market quickly.

According to him, the move was designed as a practical way to maintain supply and prevent sudden price spikes during the ongoing crisis.

Trump’s Remarks on Oil Supply

During his remarks, Trump said the United States has large energy reserves and emphasised that the country has significant oil resources.

He also referenced the Strategic Petroleum Reserve (SPR) while discussing possible steps to stabilise global oil supply if necessary.

India’s Position on Oil Purchases

Following the waiver announcement, an Indian government functionary reportedly said that India does not require permission from any country to purchase oil.

According to the official, the US move simply reduces complications related to ongoing sanctions and does not determine India’s energy policy.

The official also said the government is closely monitoring the situation and will continue to act in the country’s national interest.

Energy Markets Under Pressure

The waiver comes amid rising tensions in the Middle East and concerns over energy supply disruptions linked to the conflict involving Iran.

Global oil markets have remained volatile as governments assess potential impacts on production, transport routes, and international trade.

Officials from several countries continue to monitor the situation closely as geopolitical tensions affect the global energy sector.