U.S. Democrats up in arms over 'temporary' waiver to India to buy Russian oil amid Iran war

A new debate in United States is focusing on energy policy after lawmakers questioned a temporary waiver that allows India to continue purchasing crude from Russia during heightened volatility caused by the Iran-Israel conflict. According to a letter cited by CNBC, Sam Liccardo and Ruben Gallego urged Treasury Secretary Scott Bessent to review the decision as oil prices remain under pressure from disruption around the Strait of Hormuz. Watch full report.