India seeks urgent 48-hour extension for Russian oil tankers as May 16 deadline looms

India has formally requested the United States to extend a critical waiver regarding the sale of Russian crude oil currently in transit. With the existing exemption set to expire on May 16, the world's third-largest oil importer is navigating a narrow window to secure cargoes already loaded onto tankers. This move comes as Indian imports of Russian crude reach record levels, highlighting the complex balancing act between Western sanctions and global energy security. Since…