India secures Russian oil waiver from US while managing LPG shortage linked to Iran tensions

The United States has granted India a waiver to purchase Russian oil without facing sanctions, addressing global supply concerns. Concurrently, India is navigating domestic LPG shortage fears and panic buying, which are directly linked to regional tensions and Iran's restrictions on transit through the Strait of Hormuz. These developments highlight India's efforts to secure energy supplies from multiple sources while managing the impact of geopolitical instability on its domestic market.