That’s why India is allowed to buy oil from Russia: Donald Trump

The United States recently granted temporary exemptions to Indian refineries to buy oil from Russia as the war with Iran escalates. US President Donald Trump made key remarks. He said that the war has caused severe disruption to oil supply routes in West Asia and the Gulf.

That is why Trump said that India has been allowed to buy oil from Russia to reduce pressure on global energy markets. As part of that, Trump explained that India has been given a 30-day exemption to buy Russian crude oil that is already in the sea. He said that this will not benefit Russia economically. He said that India is an important partner for them.

Speaking about additional measures to stabilize energy markets, he said he was only thinking about easing some of the pressure in the current situation. He said global supply remains strong despite ongoing tensions. He said the US has huge oil reserves.