US Treasury Waiver Aids India's Oil Needs Amid Gulf Tensions

The US Treasury has granted a temporary waiver to India, allowing it to purchase stranded Russian oil cargoes amid ongoing tensions in the Gulf region.

The move is aimed at stabilizing global oil supply, which was disrupted by attacks on energy infrastructure linked to Iran. The waiver will remain in effect for 30 days and only applies to cargoes already stranded at sea.

The policy has significant implications for crypto markets, as shifts in energy prices can influence digital asset liquidity. Oil price volatility is often a signal of broader market trends, including inflation expectations and monetary policy debates.