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US permitted India to buy Russian oil: Treasury Secretary

⏱ 1 hour ago HIGH
🎯 KEY TAKEAWAYS
US Treasury
Russian oil
Mar 07, 2026
📰 WHAT HAPPENED

US Treasury Secretary Scott Bessent stated the US permitted India to accept Russian oil to ease temporary global oil supply shortages.

💡 BUSINESS IMPACT

Eases India's energy security amid global disruptions. Amid worldwide oil supply challenges.

*Business event analysis, not a stock prediction.

#Energy#Geopolitics