KATHMANDU: The U.S. Treasury has issued a temporary 30-day sanctions waiver allowing Indian refiners to purchase Russian crude oil that was already loaded onto ships and stranded at sea as of March 5, 2026. The waiver, announced by Treasury Secretary…

KATHMANDU: Global oil prices are rising after the United States and Israel launched military strikes on Iran, escalating tensions across the Middle East and raising concerns about potential disruptions to global crude supply. A major focus of the market is…