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07.03.26 - 04:21
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Why′d The US Temporarily Waive Sanctions On India′s Purchase Of Russian Oil? (ZeroHedge)
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Why'd The US Temporarily Waive Sanctions On India's Purchase Of Russian Oil?
Authored by Andrew Korybko,
The “politically inconvenient” truth is that the US is unilaterally reshaping the world order in a bid to restore unipolarity, and regardless of one's opinion about this, it's objectively achieved some tangible progress as of late.
Treasury Secretary Scott Bennett announced that Indian refiners had just been provided with a 30-day waiver to purchase Russian oil, but only if it's that which is already stranded at sea, thus ensuring “no significant financial benefit to the Russian government”. The stated purpose is “To enable oil to keep flowing into the global market” due to disruptions around the Strait of Hormuz caused by the Third Gulf War, which the US initiated as part of its grand strategy against China as explained here.
Depriving China of the 13.4% of its oil imports that it received from Iran last year is designed to give the US enormous leverage ahead of Tr...
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07.03.26 - 03:30
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In range-bound session, rupee slips 15 paisa vs Dollar (Times of India)
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The Indian rupee weakened against the dollar, closing at 91.75 on Friday, influenced by rising crude oil prices and foreign investor withdrawals. Despite central bank intervention and domestic stock market declines, losses were somewhat contained. Analysts anticipate continued pressure on the rupee due to firm crude prices, with a trading range of 91.25-92.50 expected....
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07.03.26 - 02:54
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Dalal Street Blues: Sensex falls 1,100 points, closes below 79,000 after 10 months (Times of India)
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Indian stock markets experienced a significant downturn on Friday, with the Sensex plummeting nearly 1,100 points to close below 79,000 for the first time since April 2025. Deteriorating geopolitical tensions in West Asia and global market conditions, coupled with substantial foreign fund outflows, led the decline. Banks were particularly affected as investors adopted a risk-off approach....
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