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US energy chief defends waiver on Russian oil sanctions, blames fear for higher gas prices

Ai • March 8, 2026

US energy chief defends waiver on Russian oil sanctions, blames fear for higher gas prices is drawing significant interest across the industry.

Energy Secretary Chris Wright and U.S. Ambassador to the United Nations Mike Waltz said a waiver issued last week to allow Indian purchases of Russian oil would alleviate pressure on the global market.

Experts suggest this could influence future trends and innovation in the sector.

More updates are expected as the story develops.


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