US Treasury issued 30-day waiver allowing Indian refineries to buy Russian oil (previously under sanctions). India gets 40% of crude imports through Strait of Hormuz — now blocked. Bessent: "deliberately short-term measure" for oil "already stranded at sea." Major policy reversal after months pressuring India to stop buying Russian crude. Oil analysts: "energy crisis brewing." Japan-Canada also signed strategic energy cooperation deal. Source: NPR / Treasury Dept.