Markets ·

India, Russia and the $90 Barrel Question: Did Washington's Oil Waiver Quietly Weaken Delhi's Leverage?

A viral claim says India lost spectacularly: it stopped buying discounted Russian oil under U.S. pressure.

India, Russia and the $90 Barrel Question: Did Washington's Oil Waiver Quietly Weaken Delhi's Leverage?

The viral version is brutal. India supposedly gave up cheap Russian oil, waited for American approval, then got forced back into the market at a much higher price. If true in full, it would indeed look like a strategic own goal. Reality is messier, but the discomfort underneath the meme is real.