Iran has announced a significant move by allowing India and four other nations passage through the strategically crucial Strait of Hormuz, easing concerns over global energy supply disruptions.
The United States has granted India a temporary 30-day waiver to continue purchasing Russian oil, aiming to ease energy supply pressures as disruptions in West Asia threaten global oil markets.
U.S. President Donald Trump announced tariff reductions on Indian goods during ongoing trade negotiations, while claiming Prime Minister Narendra Modi has agreed to curb purchases of Russian oil, a statement that could reshape bilateral economic ties.
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