Business & Economics
US Grants 30-Day Waiver for India to Take Stranded Russian Oil, Floats Wider ‘Unsanctioning’ Amid Hormuz Crisis
Between 5–7 March 2026 Washington quietly issued a 30-day licence letting Indian refineries accept Russian crude already at sea and Treasury Secretary Scott Bessent signalled that hundreds of millions of additional sanctioned Russian barrels could soon be cleared to plug the supply hole created by a 90 % collapse in Strait of Hormuz traffic.