#GlobalOilSupply #USIndiaRelations
The US granted India a 30-day waiver to buy stranded Russian oil without tariffs, as Iran's threats closed the Strait of Hormuz, disrupting global supply. This aims to ease India's import crisis while limiting Russian revenue. read more
U.S. Grants India Waiver for Stranded Russian Oil
#USForeignPolicy #GlobalOilSupplyThe US issued a 30-day waiver for India to buy stranded Russian oil, calling it a stopgap to ease global supply pressure from Middle East conflicts. Treasury Secretary Bessent said it avoids significant Russian financial benefit. read more