The United States has announced that it will not extend the 30-day window granted for purchasing crude oil from Russia and Iran.
U.S. Treasury Secretary Scott Bessent confirmed the decision, stating that the temporary allowance will expire as scheduled. The window had been provided to give countries limited time to manage their oil imports amid ongoing global restrictions.
The move is expected to impact several countries that rely heavily on Russian oil supplies. Among them, India is likely to be affected due to its significant crude oil imports from Russia.
Officials have not announced any further extensions or alternative arrangements so far. The decision comes as part of broader efforts to regulate energy trade linked to geopolitical developments involving Russia and Iran.
Market observers are closely watching how countries adjust their energy sourcing strategies in response to this change. The development may also influence global oil supply patterns in the coming weeks.
The announcement signals a shift in policy, with countries expected to adapt to the evolving energy landscape.
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