India has asked the US to extend its waiver on Russian oil, Bloomberg reports citing sources

This request from India to the U.S. to extend its waiver on Russian oil indicates a significant geopolitical stance, potentially impacting energy supply dynamics and pricing. If granted, it may alleviate some inflationary pressures in India, while also influencing oil markets as countries navigate sanctions on Russia. Watch for market reactions in commodity prices, especially oil, and related currencies, as this develops.