Iran's Retaliation Disrupts Hormuz Shipping, Raises Energy Prices
United States Treasury permits India to resume oil purchases.
Iran's retaliation disrupted Hormuz shipping, raising oil and gas prices.
Treasury allows unsanctioning of oil until April 2026.
Energy Secretary calls measure short-term.
Senate Democrats criticize easing, warning it benefits Russia.
India imports 1.04 million barrels of Russian crude daily.
India monitors supplies closely.
4 weeks ago