India Cuts Russian Oil Imports Amid US Tariff Pressure | JQJO

Indian refineries are decreasing Russian oil imports due to US tariffs imposed by President Trump. State-run companies like Indian Oil Corp. and Bharat Petroleum Corp. have secured oil from the US, Brazil, and the Middle East for September-October delivery. This shift follows Trump's threat of increased tariffs if India continued purchasing Russian energy. While state companies reduce Russian oil, some private refiners may continue purchases through term contracts, facing risks due to sanctions concerns. Saudi Arabia will supply a large shipment of oil to India in September.