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flag The U.S. granted India a 30-day oil waiver to keep buying Russian crude, aiming to prevent artificial price spikes amid rising fuel costs and global tensions.

flag The U.S. has issued a 30-day waiver allowing India to continue importing Russian oil, citing the need to stabilize global energy markets amid rising fuel prices. flag Energy Secretary Chris Wright and U.N. flag Ambassador Mike Waltz said the move prevents artificial price spikes driven by fear, not actual shortages, as gasoline hit $3.32 a gallon—the highest since September 2024—amid anxiety over the Iran conflict. flag Officials maintain supplies are sufficient and predict prices will drop quickly if the conflict ends soon. flag The decision comes as the U.S. lost 92,000 jobs in February, and rising gas costs could impact Republican prospects in the upcoming midterms, though most Americans do not view the economy as booming.

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