During a recent testimony before the Senate Foreign Relations Committee, US Secretary of State Marco Rubio expressed the urgency to conclude the waivers permitting India to purchase Russian oil. He reaffirmed that the fundamental policy of the US regarding sanctions on Russian oil remains unchanged, and the current waivers are only temporary extensions designed to alleviate global supply concerns. Rubio highlighted the potential risks of contagion in the energy sector, suggesting that domestic measures, such as utilizing strategic reserves, might not be sufficient to shield against sudden shocks or price volatility affecting broader financial markets. When questioned about the future of these waivers, Rubio stated that any decision to extend them beyond their expiration on June 17 would be contingent on the circumstances at that time, ultimately resting with the Treasury Department. He reiterated the US's commitment to end these waivers as quickly as possible, emphasizing the goal of sanctioning Russian oil to stabilize the global market.