US Grants 30-Day Waiver for Indian Purchase of Stranded Russian Oil
Where Things Stand
The U.S. Treasury issued a 30-day waiver allowing India to buy Russian oil currently stuck at sea to lower gas prices during the conflict with Iran. This temporary measure expires on April 11 and is designed to stabilize energy markets without giving Russia new tax revenue from extraction. The move is part of a high-stakes strategy to maintain global supply while pressuring allies to replace Russian fuel with American exports.
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Political Response
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