Donald Trump tariff impact? State-run oil refiners stop Russia crude oil purchases in spot market; government says no instructions given
Friday, 1 August 2025 () Following US tariffs on Indian exports due to trade ties with Russia, state-owned refiners like IOCL, BPCL, HPCL, and MRPL have reportedly ceased spot market purchases of Russian crude oil. Reliance Industries and Nayara Energy, with term agreements, may continue imports. This shift could raise costs and impact refining margins, though India can transition to alternative sources.
Russia has ramped up its assault on Ukraine after former President Trump issued a final nuclear warning. In a fiery response, President Putin confirmed the deployment of Oreshnik ballistic missiles capable of reaching U.S. cities. The Russia-Ukraine conflict has now escalated into a dangerous Trump...
India has announced a dramatic suspension of all postal services to the United States starting August 25, following sweeping tariff changes by the Trump administration. The move comes after Executive..
President Donald Trump expressed strong anger after Ukraine struck the Druzhba oil pipeline supplying Russian crude to Hungary. In a handwritten note leaked by Hungarian Prime Minister Viktor..
President Donald Trump has acknowledged growing friction between Vladimir Putin and Volodymyr Zelensky, hinting that their peace talks may be on the verge of collapse. Speaking on the strained dynamic,..
After US President Donald Trump's increased tariff rate for India and amid US' continuous economic threat, many state-owned oil refiners have stopped purchasing... DNA
US President Trump's imposition of a 25% additional tariff on Indian exports due to Russian oil purchases is poised to negatively impact India's economy,... IndiaTimes
Friday, 1 August 2025 ()
![India-US Trade War Escalates:India HALTS Postal Service To US | India’s Revenge Move Amid Trade War [Video]](https://video.newsserve.net/300/v/20250823/1420540580-India-US-Trade-War-Escalates-India-HALTS-Postal.jpg)
![‘I AM VERY ANGRY’: Trump BLASTS Zelensky Over Druzhba Pipeline Strikes| Orban LEAKS Handwritten Note [Video]](https://video.newsserve.net/300/v/20250823/1420498630-AM-VERY-ANGRY-Trump-BLASTS-Zelensky.jpg)
![Trump CONFIRMS Putin-Zelensky Talks COLLAPSING? SHOCKED by Zelensky-Putin Clash: ‘Like Oil, Vinegar’ [Video]](https://video.newsserve.net/300/v/20250822/1420463404-Trump-CONFIRMS-Putin-Zelensky-Talks-COLLAPSING-SHOCKED-by.jpg)
