08-March-2026
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US Treasury secretary hints at lifting more Russian oil sanctions post India move
07-Mar-2026

US Treasury Secretary Scott Bessent on Friday said his government was considering lifting sanctions on more Russian oil, a day after it temporarily authorized India to buy from Moscow amid a surge in global oil prices. The US-Israel war on Iran and Tehran's retaliatory attacks across the Gulf region have upended the world's energy and transport sectors, virtually halting activity in the Strait of Hormuz.

News Source:- https://economictimes.indiatimes.com/industry/energy/oil-gas/us-treasury-secretary-hints-at-lifting-more-russian-oil-sanctions-post-india-move/articleshow/129187047.cms