The U.S.’s temporary sanctions waiver for Russian oil specifically for India expires on Sunday (April 5), while another general waiver for all countries will expire on April 11. In addition, the U.S. waiver for Iranian oil will expire on April 19, and its six-month waiver for India’s stake in Chabahar port ends on April 26. In a letter to Commerce and Industry Minister Piyush Goyal, the Punjab Rice Millers Exporters Association urged the government to arrange a barter agreement with Iran, exchanging Iranian crude oil for Indian rice shipments. “On this particular issue (Chabahar port), the sanctions waiver that was given to us is valid till April 26, 2026. All eyes are now on whether the imports will continue, even if the U.S. snaps back any of its sanctions in April.

Source: The Hindu April 05, 2026 15:33 UTC