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‘Buy that oil, bring it to your refineries’: Trump’s Energy Secretary on why US gave 30-day Russian oil waiver to India

 US energy secretary Chris Wright on Friday explained the reasoning behind “allowing” India to buy Russian oil, calling it a temporary measure aimed at easing the pressure on the crude market due to the conflict with Iran.. Chris Wright, US energy secretary, said that it wasn’t a policy change towards Russia. (Bloomberg File). The 30-day waiver for India was announced earlier by US treasury secretary Scott Bessent. Wright said it was a “practical way” to get the supply flowing.. “We have implemented short-term measures to help keep oil prices down. We are allowing our friends in India to take oil that is already on ships, refine it, and move those barrels into the market quickly. A practical way to get supply flowing and ease pressure,” Wright said in a post on X.. Speaking to ABC News, the energy secretary said that it wasn’t a policy change towards Russia but just a short-term measure.. “We reached out to our friends in India and said, ‘Buy that oil and bring it into your refineries, ’” he said in the interview.. Listen to what he said:. The US doesn’t want India buying Russian oil in normal times and has even imposed a 25 per cent tariff on New Delhi for doing so. The tariff was removed early last month after US President Donald Trump said that India had agreed not to buy crude oil from Moscow.. Why the reprieve now?. The US and Israel launched strikes on Iran on February 28, killing the country’s Supreme Leader, Ayatollah Ali Khamenei. Since then, the conflict has escalated and engulfed the entire West Asia.. Iranian retaliatory attacks have forced the closure of several oil and gas fields in the region. The Strait of Hormuz, which is the route for one-fifth of the world’s oil supply, is effectively closed due to security threats.. All this has made oil prices shoot up, so the US needed to step in.. What Scott Bessent said on the 30-day waiver for India. Amid the escalating conflict with Iran, US treasury secretary Scott Bessent said on Thursday, “President (Donald) Trump’s energy agenda has resulted in oil and gas production reaching the highest levels ever recorded.. To enable oil to keep flowing into the global market, the Treasury Department is issuing a temporary 30-day waiver to allow Indian refiners to purchase Russian oil.”. “India is an essential partner of the United States, and we fully anticipate that New Delhi will ramp up purchases of US oil. This stop-gap measure will alleviate the pressure caused by Iran’s attempt to take global energy hostage,” Bessent said in a post on X.. This “deliberately short-term measure” will not provide a significant financial benefit to the Russian government, as it only authorises transactions involving oil that is already stranded at sea, Bessent said. 

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Politics

Former Missouri House speaker sentenced to prison for COVID relief fraud

 JEFFERSON CITY, Mo., — A former Missouri House speaker was sentenced Monday to 21 months in prison after pleading guilty to wire fraud for misusing federal COVID-19 relief funds for his personal benefit.. Former Missouri House speaker sentenced to prison for COVID relief fraud. Former Republican House Speaker John Diehl received about $380,000 in federal loans for his law firm between 2020 and 2022 through a program intended to help cover operating expenses for businesses affected by the coronavirus pandemic.. But Diehl admitted in a September plea agreement that he instead used the money for personal expenses, including country club dues, swimming pool maintenance, his home mortgage and vehicle payments for a Tesla, Audi and Jeep. Prosecutors said he used more than half the money to fund his law firm’s defined benefit plan, of which he was the only participant, and also paid off a civil settlement related to his time as state House speaker.. Diehl resigned as House speaker in 2015 after The Kansas City Star reported that he had exchanged sexually suggestive text messages with a college student serving as a Capitol intern. At the time, Diehl acknowledged “making a serious error in judgment by sending the text messages.”. In 2023, the Missouri Ethics Commission imposed a roughly $47,000 fine on Diehl for campaign finance violations, including allegations that he used nearly $6,800 of campaign funds to pay for personal expenses.. Diehl had asked the federal court to spare him from prison, noting that he had already paid back all the pandemic relief funds to the Small Business Administration.. The U.S. attorney’s office had recommended a prison sentence of 21 to 27 months. In addition to prison time, the court on Monday ordered Diehl to pay a $50,000 fine.. “Through his education and public office, Defendant had every privilege and opportunity, and to put it bluntly, he knew better than to engage in the charged fraud scheme,” Assistant U.S. Attorney Hal Goldsmith said of Diehl in a court filing.. This article was generated from an automated news agency feed without modifications to text. 

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India calls for higher LPG production to prioritise domestic use amid West Asia tensions

 Amid the ongoing conflict in West Asia and developing oil crisis, India has called for an increase in production for LPG for domestic use. In a statement on Monday, the Ministry of Petroleum and Natural Gas (MoPNG), oil refineries have been ordered to increase production.. Government sources told news agency ANI that refineries have been ordered by the government to increase LPG output (Praful Gangurde / HT Photo). “In light of current geopolitical disruptions to fuel supply and constraints on supply of LPG, Ministry has issued orders to oil refineries for higher LPG production and using such extra production for domestic LPG use,” the statement issued on X read.. Also Read | Crude oil spike triggers LPG panic in India; rules tweaked, people gather at outlets as West Asia war has global effect. “The ministry has prioritised domestic LPG supply to households and introduced 25 day inter- booking period to avoid hoarding/black marketing. Non domestic supplies from imported LPG is being prioritised to essential non domestic sectors such as Hospitals and Educational institutions,” the union ministry added further.. MoPNG further added that a committee of three EDs of OMCs has been constituted to review the production of LPG supply to restuarants, hotels and other non-domestic sectors. 

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Politics

India calls for higher LPG production to prioritise domestic use amid West Asia tensions

 Amid the ongoing conflict in West Asia and developing oil crisis, India has called for an increase in production for LPG for domestic use. In a statement on Monday, the Ministry of Petroleum and Natural Gas (MoPNG), oil refineries have been ordered to increase production.. Government sources told news agency ANI that refineries have been ordered by the government to increase LPG output (Praful Gangurde / HT Photo). “In light of current geopolitical disruptions to fuel supply and constraints on supply of LPG, Ministry has issued orders to oil refineries for higher LPG production and using such extra production for domestic LPG use,” the statement issued on X read.. Also Read | Crude oil spike triggers LPG panic in India; rules tweaked, people gather at outlets as West Asia war has global effect. “The ministry has prioritised domestic LPG supply to households and introduced 25 day inter- booking period to avoid hoarding/black marketing. Non domestic supplies from imported LPG is being prioritised to essential non domestic sectors such as Hospitals and Educational institutions,” the union ministry added further.. MoPNG further added that a committee of three EDs of OMCs has been constituted to review the production of LPG supply to restuarants, hotels and other non-domestic sectors. 

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Politics

India calls for higher LPG production to prioritise domestic use amid West Asia tensions

 Amid the ongoing conflict in West Asia and developing oil crisis, India has called for an increase in production for LPG for domestic use. In a statement on Monday, the Ministry of Petroleum and Natural Gas (MoPNG), oil refineries have been ordered to increase production.. Government sources told news agency ANI that refineries have been ordered by the government to increase LPG output (Praful Gangurde / HT Photo). “In light of current geopolitical disruptions to fuel supply and constraints on supply of LPG, Ministry has issued orders to oil refineries for higher LPG production and using such extra production for domestic LPG use,” the statement issued on X read.. Also Read | Crude oil spike triggers LPG panic in India; rules tweaked, people gather at outlets as West Asia war has global effect. “The ministry has prioritised domestic LPG supply to households and introduced 25 day inter- booking period to avoid hoarding/black marketing. Non domestic supplies from imported LPG is being prioritised to essential non domestic sectors such as Hospitals and Educational institutions,” the union ministry added further.. MoPNG further added that a committee of three EDs of OMCs has been constituted to review the production of LPG supply to restuarants, hotels and other non-domestic sectors. 

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PM Modi speaks to RSP chairman, Balendra Shah after massive victory in Nepal election

 Prime Minister Narendra Modi on Monday had a conversation with Nepal’s Rastriya Swatantra Party (RSP) chairman Rabi Lamichhane and Balendra Shah, who is poised to lead the next government in the Himalayan nation.. PM Modi on Monday spoke with Rastriya Swatantra Party (RSP) chairman Rabi Lamichhane and Balendra Shah. (PTI). In a social media post, PM Modi said he congratulated both leaders on their electoral victories and RSP’s resounding success in the Nepal elections.. “Had warm telephone conversations with Mr. Rabi Lamichhane, Chairman of the Rastriya Swatantra Party (RSP) and Mr. Balendra Shah, Senior Leader of the RSP,” Modi said in post on X.. He added that he conveyed India’s commitment to work with Nepal’s new government for the prosperity and well-being of both the nations.. “Congratulated both leaders on their electoral victories and RSP’s resounding success in the Nepal elections. Conveyed my best wishes for their forthcoming new Government and India’s commitment to work with them for mutual prosperity, progress and well-being of our two countries,” he wrote.. “I am confident that with our joint endeavours, India and Nepal relations will scale new heights in the years ahead,” he added.. Also read: What Balen Shah’s win in Nepal means for New Delhi. Modi’s conversation with the RSP leaders come days after Nepal held its general elections last week on Thursday, March 5 , after the country’s government was ousted as a result of widespread protests led by the youth of the country.. 35-year-old rapper-turned-politician Balendra Shah’s RSP emerged as the biggest winner with a landslide victory, pointing to Nepal’s shift from the traditional “old guard” parties.. The results of Nepal’s elections were reflective of its population’s frustration with issues such as political instability, corruption and youth unemployment.. In regards to India, the RSP has maintained that it intends to have strong relations with both its neighbours but aims to remain independent of any direct influence.. Balendra Shah also has a personal connection with India as he hails from Madhesi community and did his Masters in structural engineering from Karnataka. 

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