US has reportedly told European allies that further easing of sanctions on Russian oil would be mostly limited to supplies to India, according to Bloomberg citing sources

US has reportedly told European allies that further easing of sanctions on Russian oil would be mostly limited to supplies to India, according to Bloomberg citing sources.

The report indicates a potential shift in U.S. policy concerning sanctions on Russian oil, specifically that any further easing would primarily benefit supplies to India. This nuance might not dramatically change the broader sanctions regime but could impact oil pricing dynamics, particularly for WTI and international relations in energy markets, suggesting traders should be vigilant about commodity and FX movements. Expect potential volatility in oil prices and related currencies as market participants digest this news.