Brief by Shorts91 Newsdesk / 12:31pm on 02 Sep 2025,Tuesday India Global
Russian crude oil has become cheaper for Indian refiners, with discounts widening to $3–$4 per barrel for September and October cargoes, according to a Bloomberg report. This comes as US President Donald Trump imposed steep tariffs on Indian goods, citing New Delhi’s rising oil imports from Moscow. Trump’s adviser Peter Navarro accused India of indirectly funding Russia’s war. India now sources nearly 40% of its oil from Russia, compared to less than 1% before 2022. New Delhi defended its trade, saying crude imports are not under sanctions. Trump called US-India trade “a one-sided disaster” and demanded lower Indian tariffs. (PC: AP)
