Washington Lets Key Russia Oil Exemption End

The United States has ended a key sanctions waiver that previously allowed certain countries to continue buying Russian seaborne oil. The decision raises major questions for global energy markets, India’s oil imports, Russia’s export revenues, and fuel prices worldwide. In this edition of World Business Watch, we break down what the end of the waiver means for India, Russia, and the U.S., and whether global oil markets are heading toward fresh volatility.