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Mint Quick Edit | Why US sanctions on the purchase of Russian oil help nobody—not even America

The global energy crisis persists, exacerbated by the Strait of Hormuz closure. The US extended waivers on Russian oil sanctions, influencing India's continued imports based on commercial considerations. While the US acknowledges hydrocarbon shortage risks, the author criticizes its self-defeating geopolitical tools that constrain global supply. These actions, despite US self-sufficiency claims, have led to increased domestic petrol prices, demonstrating market dynamics. The article argues that such restrictions are counterproductive, emphasizing that global and US interests are best served by allowing oil to flow freely worldwide, rather than imposing sanctions.

LiveMint · Mint Editorial Board · May 19, 2026 at 1:31 AM

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