🚨 The U.S. just allowed India to keep buying Russian oil for 30 days, despite sanctions

Interesting geopolitical twist that could matter for energy markets.

The U.S. Treasury just issued a 30-day waiver allowing Indian refiners to buy Russian oil that’s already at sea, even though Washington has spent months pressuring countries to reduce purchases from Russia.

The move comes as the Iran conflict disrupts Middle Eastern energy flows, raising fears of a near-term supply crunch and potential oil price spikes.

Officials say the goal is simply to keep oil flowing into global markets and avoid a sudden supply shock, not to change sanctions policy.

Curious how people here see this playing out for oil prices and energy equities over the next few months.

Also saw this being discussed on Blossom earlier today, which is what prompted me to dig into the news.

[https://www.cnbc.com/2026/03/06/us-india-waiver-russian-oil-iran-war-energy-supply-worries-.html](https://www.cnbc.com/2026/03/06/us-india-waiver-russian-oil-iran-war-energy-supply-worries-.html)