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- play Live Sign upShow navigation menu.css-15ru6p1{font-size:inherit;font-weight:normal;}Navigation menuNewsShow more news sectionsAfricaAsiaUS & CanadaLatin AmericaEuropeAsia PacificMiddle EastExplainedOpinionSportVideoMoreShow more sectionsFeaturesEconomyHuman RightsClimate CrisisInvestigationsInteractivesIn PicturesScience & TechnologyPodcastsTravelplay Live Click here to searchsearchSign upNavigation menucaret-leftUS-Israel war on IranLive trackerCould the US deploy troops to Iran?Iran’s weaponsCould Iran be using China's BeiDou system?A simple guide to Irancaret-rightEXPLAINERNews|US-Israel war on IranWar on Iran: Can fuel rationing, remote work, short sleeves ease oil woes?Rising oil prices amid the US-Israel war on Iran is pushing nations to readjust their energy policies.
- Listen to this article | 7 minsinfoPeople wait in a queue to refuel their vehicles at a filling station in Biyagama on the outskirts of Colombo, Sri Lanka, on March 15, 2026 [AFP]By Usaid SiddiquiPublished On 16 Mar 202616 Mar 2026Click here to share on social mediashare2Share googleAdd Al Jazeera on GoogleinfoThe US-Israel war on Iran has rattled global energy markets, as countries scramble to secure fuel, conserve supplies and rethink exports.
- Here are four strategies countries are enacting to ease the impact of the war on their fuel needs: India has resumed buying Russian oil after halting imports from its old ally following US sanctions against Moscow’s biggest oil producers.
- The 30-day waiver would end in early April, but it can be extended by the Trump administration.
- theory, the estimated 120-140 million barrels of Russian oil reported to be “on the water” could cover weeks of India’s imports, Mitrova said.
SNANE PAPUA – play Live Sign upShow navigation menu.css-15ru6p1{font-size:inherit;font-weight:normal;}Navigation menuNewsShow more news sectionsAfricaAsiaUS & CanadaLatin AmericaEuropeAsia PacificMiddle EastExplainedOpinionSportVideoMoreShow more sectionsFeaturesEconomyHuman RightsClimate CrisisInvestigationsInteractivesIn PicturesScience & TechnologyPodcastsTravelplay Live Click here to searchsearchSign upNavigation menucaret-leftUS-Israel war on IranLive trackerCould the US deploy troops to Iran?Iran’s weaponsCould Iran be using China's BeiDou system?A simple guide to Irancaret-rightEXPLAINERNews|US-Israel war on IranWar on Iran: Can fuel rationing, remote work, short sleeves ease oil woes?Rising oil prices amid the US-Israel war on Iran is pushing nations to readjust their energy policies. But analysts say these are short-term fixes at best.
Listen to this article | 7 minsinfoPeople wait in a queue to refuel their vehicles at a filling station in Biyagama on the outskirts of Colombo, Sri Lanka, on March 15, 2026 [AFP]By Usaid SiddiquiPublished On 16 Mar 202616 Mar 2026Click here to share on social mediashare2Share googleAdd Al Jazeera on GoogleinfoThe US-Israel war on Iran has rattled global energy markets, as countries scramble to secure fuel, conserve supplies and rethink exports. Tehran has effectively halted most traffic through the Strait of Hormuz, a key shipping lane between the Gulf – also known as the Arabian Gulf and the Persian Gulf – and the Gulf of Oman, which supplies one-fifth of the world’s oil, in retaliation for the US-Israeli attacks, which started on February 28.
Here are four strategies countries are enacting to ease the impact of the war on their fuel needs: India has resumed buying Russian oil after halting imports from its old ally following US sanctions against Moscow’s biggest oil producers. This, after the US temporarily exempted India from sanctions on buying Russian oil shipments currently stranded at sea, aiming to prevent disruptions to global supply and curb further spikes in energy prices.
The 30-day waiver would end in early April, but it can be extended by the Trump administration. “Russian oil can help cushion a short-term supply shock, but its usefulness depends on two uncertain conditions: that Russian barrels remain available and that the discount remains meaningful,” energy expert Tatiana Mitrova, a fellow at Columbia University’s Center on Global Energy Policy, told Al Jazeera.
theory, the estimated 120-140 million barrels of Russian oil reported to be “on the water” could cover weeks of India’s imports, Mitrova said. However, she warned that, in practice, only a fraction can be redirected quickly due to logistical and refinery constraints.
The “discount” Mitrova referred to is a subsidised rate at which Russia sold oil to India from 2022 until late 2025, when Europe and other traditional buyers shunned Russian crude amid the Ukraine war. Desperate to sell its oil, Russia was offering India discounts.
However, with Russian oil now in high demand because of the war in Iran and the choke on transit through the Strait of Hormuz, it is unclear whether Russia continues to offer India crude at subsidised rates.
