Iran, Oil Prices
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India’s trade deal with President Trump was supposed to end its imports of oil from Russia. But then the conflict in the Middle East has cut off alternative supplies.
Now, here are five news stories that broke overnight to watch out for: Forced labor trade probe: The U.S. has launched trade investigations into 60 economies—including China, the European Union, Canada,
India’s oil trade with Russia has become one of the most important energy stories of the past four years. What began as a discounted supply deal after the Ukraine war has now evolved into a complex arrangement shaped by geopolitics,
President Trump says India will stop buying sanctioned Russian oil in trade deal, but data shows shadow fleet vessels on the move evading global enforcement.
Trump knows that increased demand for Russian oil will create a windfall for Russia’s deeply stressed war budget and complicate already difficult peace talks. The Indian license comes only weeks after a fresh round of negotiations in Geneva between the US and Russia to end the war in Ukraine.
Indian refiners are still avoiding Russian oil as deals for delivery in April begin to be made, Reuters has reported, citing unnamed sources from the refining industry as well as traders. According to the report, the avoidance comes in anticipation of the ...