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US issues 30-day waiver allowing Indian refiners to purchase Russian oil amid Iran war

New York/Washington, Feb 6 (PTI) Amid the escalating conflict with Iran, the US said it is issuing a temporary 30-day waiver to allow Indian refiners to purchase Russian oil. “President 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,” Treasury Secretary Scott Bessent said on Thursday. He said this “deliberately short-term measure” will not provide significant financial benefit to the Russian government, as it only authorises

Rupee gains 2 paise to 91.62 against US dollar in early trade

Mumbai, Mar 6 (PTI) The rupee stayed firm and gained 2 paise to 91.62 against the US dollar on Friday after the US announced a 30-day waiver for Indian refiners to purchase Russian oil, easing pressure on the global energy flow amid the ongoing war in West Asia. Forex traders said that the negative domestic equity markets and withdrawal of foreign funds resisted the rupee’s upward move despite a retreating American currency. Amid the escalating war involving the US, Israel and Iran, the American administration has announced a temporary 30-day waiver to allow Indian refiners to purchase Russian oil. Treasury

Trump fires US Homeland Security Secretary Noem after mounting criticism over her leadership

WASHINGTON, March 6, 2026 (AP) — US President Donald Trump on Thursday fired his embattled Homeland Security Secretary Kristi Noem, after mounting criticism over her leadership of the department, including the handling of the administration’s immigration crackdown and disaster response. Trump, who said he would nominate Oklahoma Republican Sen. Markwayne Mullin in her place, made the announcement on social media after Noem faced a two-day grilling on Capitol Hill this week from GOP members as well as Democrats. Noem’s departure marks a stunning turnaround for a close ally to the president who was tasked with steering his centerpiece policy of

Most US stocks fall as oil prices climb more

NEW YORK, March 5, 2026 (AP) — Most stocks are falling on Wall Street Thursday, as oil prices rise further, but the moves are less severe than earlier in the week. The S&P 500 slipped 0.2% in morning trading, coming off a frenetic start to the week that saw financial markets worldwide swerve sharply, sometimes hour by hour. The Dow Jones Industrial Average was down 452 points, or 0.9%, as of 10:15 a.m. Eastern time, and the Nasdaq composite was 0.1% higher. Markets again seem to be following the cue of oil prices. Worries are high that a long-term spike

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