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Iran War: US Grants India Russian Oil Waver, Hormuz in Near-Total Halt | The Opening Trade 3/6/2026
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March 6, 2026
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1:36:04Now PlayingThe US has cleared the way for India to temporarily increase its purchases of Russian oil, reversing months of pressure on the world’s third-largest crude importer as an escalating conflict in the Persian Gulf upends energy flows.
Maritime traffic in the Strait of Hormuz has ground to a near-complete halt, with no oil shipments going through in the past 24 hours, as the Middle East war disrupts the vital waterway.
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