India Unlikely to Ditch Russian Oil Despite Trump's 100% Tariff Threat
Why now
Thesis: India's Russian oil keeps crude supply ample
Catalyst to watch: US tariff enforcement or sanctions escalation
Main risk: Tightening enforcement spikes prices
Why it matters
India's continued Russian crude purchases keep discounted barrels in the market, softening global oil prices.
Sources
- googlenews · news.google.com · 2026-09-29 09:30 UTC
- googlenews · news.google.com · 2026-09-29 09:30 UTC