Svmuu News: U.S. Treasury Secretary Bessent stated that, to ensure a continuous flow of oil to global markets, the Treasury Department has issued a 30-day temporary waiver allowing Indian refiners to purchase Russian oil. This temporary, short-term measure will not yield significant economic benefits for the Russian government, as it only authorizes transactions involving oil that is already stranded at sea. We firmly believe that India will increase its purchases of U.S. oil, and this temporary measure will alleviate the pressure caused by Iran’s attempts to hold global energy supplies hostage. (Jin Shi)