Trump’s 25% additional tariffs loom: Indian refiners delay orders for Russian crude oil; take cautious approach
Indian refiners are cautiously delaying September Russian oil orders, awaiting clarity on Trump’s proposed 25% penalty linked to oil purchases. Officials fear a sudden shift away from Russian supplies, which constitute 35% of India’s crude needs, could tighten the global market and potentially drive up oil prices.🕒 1 min read
Indian refiners are cautiously delaying September Russian oil orders, awaiting clarity on Trump’s proposed 25% penalty linked to oil purchases. Officials fear a sudden shift away from Russian supplies, which constitute 35% of India’s crude needs, could tighten the global market and potentially drive up oil prices.
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