India Firm on Russian Oil Despite Trump's Tariff Threat

India is expected to maintain its Russian crude oil imports, analysts report, even as the US President signed the “Lindsey O. Graham Sanctioning Russia and Iran Act of 2026,” which authorizes potential 100% tariffs on countries importing from sanctioned nations. This stance highlights India's energy security priorities amidst escalating geopolitical tensions. Continued demand from a major importer like India could support crude oil prices, while heightened geopolitical risk may bolster safe-haven demand for gold in Pakistan.

بحوالہ / Source: oilprice.com