India may face a $9–11 billion spike in oil import costs if US penalties force it to cut Russian crude. With EU sanctions also tightening, refiners like Reliance and Nayara could lose margins, ...

India has ramped up crude oil imports from the United States by over 50 per cent in the first half of 2025, driven by strong ...

India has signaled that it will maintain its oil trade with Russia, brushing aside warnings from U.S. President Donald Trump about possible trade penalties.

Referring to the current global climate, Modi said, “The global economy is currently facing multiple uncertainties and an ...

Amidst potential US penalties and EU sanctions, India faces a complex challenge in its Russian oil trade. A shift away from discounted Russian crude could inflate India's import bill by billions, ...

The White House has just announced a new global trade regime, effective 7 August. It impacts every nation. What we are seeing ...

Shashi Tharoor declined to comment on Rahul Gandhi endorsing US President Donald Trump’s “dead economy” remark about India, ...

Beyond crude oil, India's imports of American liquefied petroleum gas (LPG) and liquefied natural gas (LNG) have also soared. LNG imports nearly doubled in FY25 to $2.46 billion from $1.41 billion in ...

In 2025, Pakistan is struggling to avert a full-blown trade crisis with the United States while simultaneously facing the ...

US President Donald Trump’s imposition of 25 per cent tariffs plus a penalty for buying oil from Russia evoked mixed ...

On top of a new 25% tariff on India's exports to the US, Trump indicated in a Truth Social post last month that India would face additional penalties for purchases of Russian arms and oil. On Friday, ...

Republican senators left Washington for their August recess without passing a major Russia sanctions bill, effectively handing U.S. President Donald Trump full authority to decide whether to follow ...