Oil prices climb after Ukraine attacks hit Russian energy sites, leading to a noticeable shift in the global energy market. It’s a situation that’s sparking conversations about the effectiveness of existing sanctions, the geopolitical realities of the ongoing conflict, and the ripple effects on the global economy. The attacks on Russian energy infrastructure, especially refineries and storage facilities, have led to reduced supply, and with less oil available, the price inevitably goes up. This increase isn’t just a simple reflection of supply and demand; it’s a complex dance of politics, economics, and, unfortunately, ongoing conflict.
Oil prices climb after Ukraine attacks hit Russian energy sites, even though some might assume that existing sanctions would make this impact negligible.… Continue reading
External Affairs Minister Dr. S. Jaishankar criticized the US and Pakistan at the Economic Times World Leaders Forum, highlighting their tendency to “overlook history,” specifically referencing the 2011 Abbottabad raid. He emphasized India’s foreign policy is guided by long-term confidence and national interests, rejecting any mediation in relations with Pakistan. Furthermore, Jaishankar refuted claims of US mediation in past ceasefire agreements, attributing the settlements to direct talks between India and Pakistan. The minister also underscored the government’s commitment to protecting India’s economic interests and strategic autonomy, warning against any challenges to these positions.
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During a meeting in Moscow, External Affairs Minister S. Jaishankar defended India’s energy policy, highlighting that the United States had previously urged India to stabilize the global energy market, even by purchasing oil from Russia. Jaishankar met with President Vladimir Putin and Foreign Minister Sergey Lavrov, discussing plans to access the Russian market and expedite cases of Indians recruited to fight in Ukraine. Discussions also included enhancing India-Russia trade through infrastructure and logistics, as well as cooperation in multilateral platforms and addressing labor shortages. Furthermore, the meetings encompassed the International North-South Transport Corridor and other initiatives to enhance economic linkages.
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President Donald Trump has imposed a new 25% tariff on India, bringing the total levies against the major US trading partner to 50%. This action, announced in an executive order, stems from India’s import of Russian oil, with the President warning of similar actions against other countries engaging in such trade. The new tariffs are set to take effect in 21 days, following the implementation of previously announced tariffs, making this among the highest levies the US has imposed on any trading partner. India responded by calling the tariffs “unfair, unjustified, and unreasonable,” emphasizing that their oil imports are based on market factors and energy security.
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President Trump has announced plans to increase tariffs on India within the next day. This decision stems from India’s ongoing purchase of Russian oil. Trump stated that these purchases are contributing to the Russian war effort.
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Trump says he will “substantially” raise tariffs on India over Russian oil purchases, a statement that immediately throws a wrench into the gears of international trade and diplomacy. The core issue seems to be India’s continued purchase of Russian oil, a move that has clearly ruffled some feathers in certain corners of the world. The response is quite direct: the threat of increased tariffs on Indian goods entering the United States, which could have significant economic repercussions for both nations.
This decision doesn’t exist in a vacuum. There’s a sense that the motivation isn’t purely based on a desire to punish India.… Continue reading
India Will Buy Russian Oil Despite Trump’s Threats, Officials Say, and honestly, it shouldn’t be a shock to anyone with a grasp of global economics. The simple fact is, a dollar bill, or in this case a barrel of oil, doesn’t just sit around gathering dust. The underlying reality of the situation is that India is able to secure much needed oil at a lower market price, which essentially removes some demand from the overall global supply of oil.
The narrative around Russian oil has been pretty consistent. It’s always been available for sale, though sometimes at a lower price point.… Continue reading
Indian oil refiners continue to procure oil from Russian suppliers, prioritizing factors like price and logistics. Sources indicated that India’s strategy aligns with its role as a major energy consumer, ensuring access to affordable energy while adhering to international standards, even as the U.S. has voiced concerns. Historically, Russian oil has not been sanctioned, but rather subject to a price-cap mechanism, and India has maintained fully legitimate purchases within those established frameworks. India’s actions have contributed to global energy stability, ensuring that markets remain liquid and prices remain stable.
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Reports indicate that Indian state refiners have temporarily halted purchases of Russian crude oil. This pause follows the announcement of a 25% tariff on Russian oil by the Trump administration. Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum Corp, and Mangalore Refinery Petrochemical Ltd, have not sought Russian crude in the last week or so.
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President Trump announced the U.S. will impose a 25% tariff on goods from India, citing India’s high tariffs on U.S. products. Additionally, India will face an added import tax for purchasing Russian oil, which Trump claims supports Moscow’s war in Ukraine. This move follows trade framework negotiations with various nations, with the administration viewing tariffs as a means to address the budget deficit and increase domestic jobs. While India studies the announcement and remains committed to a trade agreement, the tariffs may impede India’s goal to double bilateral trade with the U.S. by 2030.
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Matt Underwood 
John Q. Hosedrinker