US Issues License to Allow Some Russian Oil Sales to India

The US issued a general license to allow for some Russian oil sales to India, giving the nation more options to purchase fuel as an escalating conflict in the Persian...

By Derek Wallbank, Yongchang Chin · Bloomberg Markets

The US issued a general license to allow for some Russian oil sales to India, giving the nation more options to purchase fuel as an escalating conflict in the Persian Gulf cuts off a major producing region.