India has doubled down on its decision to continue purchasing discounted Russian crude oil despite U.S. President Donald Trump's remarks suggesting New Delhi may halt such imports. Indian state-owned refiners reaffirmed that sourcing oil from Russia remains a strategic, price-driven choice essential for the countryâs energy security, given its 85% crude import dependence. Officials emphasized that Russian oil is not under international sanctions and purchases comply with the G7/EU price cap mechanism, ensuring global markets remain liquid and prices stable. Sources argue that India's imports prevented oil prices from soaring above the March 2022 peak of $137 a barrel amid OPEC+ cuts. Meanwhile, reports of suspended purchases were dismissed, with officials highlighting the EUâs own high intake of Russian LNG. India insists its decisions are guided by national interest while contributing positively to global energy stability, even as Washington hints at possible penalties.
#IndiaOilImports #RussianOil #TrumpTariffs #EnergySecurity #GlobalOilPrices #RussianCrude #OilTradeTensions #IndiaEnergyPolicy #USIndiaRelations #BrentCrude #OPECPlusCuts #PriceCapMechanism #RussianLNG #OilMarketStability #IndiaDefiesTrump #OilSupplyCrisis #GlobalEnergyCrisis #IndianRefiners #USRussiaTensions #OilImportsNews
~HT.410~GR.125~ED.103~
Conservative leader Kemi Badenoch said: âWe just heard that inflation is up again, the worst in the G7. We left him with 2% inflation. We have borrowing up, unemployment up, taxes are up (..) his budget last year had high taxes. Thatâs why the economy is contracting.â Sir Keir Starmer replied: âI think of the working people across this country who put in every day and donât get back what they deserve, and thatâs who weâre working for. Thatâs who weâre fixing the country (for).â
Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The geopolitical stage is set for a major confrontation as the BRICS alliance prepares for its 2025 summit in Brazil. The bloc, which will include ten member nations, is openly challenging the long-standing economic hegemony of the United States. With members like China, Russia, and Brazil leading the charge, BRICS now represents a formidable force, accounting for 45% of the global population and 35% of the world's GDP. The group's primary objective is to reduce its dependency on the U.S. dollar by promoting trade in local currencies and developing alternative financial systems.
The tension has escalated dramatically following a direct threat from former U.S. President Donald Trump. He warned that any nation aligning with BRICS' anti-dollar policies would face severe consequences, including a blanket 10% tariff with "no exceptions." This aggressive stance is a clear signal that the U.S. views the rise of BRICS as a direct threat to its ability to impose sanctions and control global financial networks like SWIFT.
In response to the mounting criticism and Trump's threats, China's Foreign Ministry spokesperson, Mao Ning, has publicly pushed back. While rejecting claims that BRICS is an "anti-American" coalition, she firmly stated that the mechanism is not targeted at any single country. However, she also reiterated China's long-standing opposition to "tariff wars and trade wars," sending a clear message to Washington. This high-stakes diplomatic battle between the established G7 powers and the rising BRICS alliance could reshape the future of the global economy.
#BRICS
#DonaldTrump
#USChinaRelations
#WorldNews
#Geopolitics
#BreakingNews
#DeDollarization
#OneindiaNews
#TradeWar
#InternationalNews
Also Read
BRICS Leaders Push For India And Brazil's Inclusion As Permanent Members Of UN Security Council :: https://www.oneindia.com/international/brics-leaders-push-for-india-and-brazils-inclusion-as-permanent-members-of-un-security-council-7794021.html?ref=DMDesc
Trump Calls Muskâs America Party Plan âRidiculousâ And âUnworkableâ :: https://www.oneindia.com/international/trump-calls-musk-s-america-party-plan-ridiculous-and-unworkable-7793443.html?ref=DMDesc
There Should Be No Hesitation In Imposing Sanctions Against Terrorists: PM Modi At BRICS :: https://www.oneindia.com/international/there-should-be-no-hesitation-in-imposing-sanctions-against-terrorists-pm-modi-at-brics-7793415.html?ref=DMDesc
~HT.410~GR.125~
Trump Vs BRICS: In a move set to rattle global markets, former President Donald Trump has issued a severe warning to the BRICS nations and their allies. He threatens to impose a blanket 10% tariff on any country adopting what he terms "anti-American" policies backed by the bloc. This declaration comes after the 2025 BRICS Summit in Brazil, where the member nations, now numbering ten, issued a joint condemnation of recent US-Israel strikes on Iranian nuclear facilities, calling them "illegal."
The BRICS bloc, now representing 45% of the global population and 35% of the world's GDP, has become a significant geopolitical force. In their summit, they also criticized the West's "double standards" on global terror, specifically citing the Pahalgam attack in Kashmir as an example. This direct reference brings the conflict to India's doorstep. Trump claims the tariff letters for 12 countries are already "signed and ready," though sources suggest this could be a strategic bluff to test the bloc's unity.
This escalating tension is rooted in BRICS's core mission: to reduce dependence on the U.S. dollar. With their internal trade hitting $1 trillion in 2025 through local currency systems, the bloc, heavily influenced by China and Russia, is seen as a direct challenge to America's sanctions power and its dominance via institutions like the IMF and G7. For Trump, the bloc's growing anti-West stance and expanding economic influence represents a primary threat to American global leadership, setting the stage for a potential economic war.
#BRICS
#DonaldTrump
#USTariff
#BreakingNews
#WorldNews
#Geopolitics
#TradeWar
#OneindiaNews
#USDollar
#Dedollarization
Also Read
Trump Calls Muskâs America Party Plan âRidiculousâ And âUnworkableâ :: https://www.oneindia.com/international/trump-calls-musk-s-america-party-plan-ridiculous-and-unworkable-7793443.html?ref=DMDesc
There Should Be No Hesitation In Imposing Sanctions Against Terrorists: PM Modi At BRICS :: https://www.oneindia.com/international/there-should-be-no-hesitation-in-imposing-sanctions-against-terrorists-pm-modi-at-brics-7793415.html?ref=DMDesc
America Will Be Richer, Safer, and Prouder: Trump As Big, Beautiful Bill Passes Congress :: https://www.oneindia.com/international/trump-s-big-beautiful-bill-passes-congress-in-big-win-for-us-president-011-7790919.html?ref=DMDesc
~ED.103~HT.408~GR.125~
In a statement on the G7 and Nato summits, the Prime Minister said: âThere is now a window for peace. We urge Iran and Israel to honour the ceasefire and seize this opportunity to stabilise the region.â Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
A young Idaho family is dead just days after posting an adorable video of their son circling his bike around their plane ... with no idea they'd perish inside.. TMZ.com
Conservative leader Kemi Badenoch says governmentâs decision to possibly recognise a Palestinian state is the âwrong thing to do at the wrong timeâ and ârewards terrorismâ. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Conservative leader Kemi Badenoch says she will "reverse" the government's âfamily farm taxâ if she becomes prime minister after the next general election. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Anti-migrant protesters and members of Stand Up to Racism are kept apart by a large police presence outside the Thistle City Barbican Hotel in Islington, London. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Rachel Reeves has backed Heathrow's latest plans for a third runway, saying it's "so important" for Britain to "trade with countries around the world". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
![India's FIERY Response To Trump's Warning | India Stands Firm On Russian Oil [Video]](https://video.newsserve.net/300/v/20250802/1418387414-India-FIERY-Response-To-Trump-Warning.jpg)
![Starmer defends rising inflation figures at PMQs [Video]](https://video.newsserve.net/300/v/20250716/1416688858-Starmer-defends-rising-inflation-figures-at-PMQs.jpg)
![China FIRES BACK at U.S. Over Trump's Tariff Penalty on BRICS Allies, Warns Against Tariff War 2.0 [Video]](https://video.newsserve.net/300/v/20250707/1415759804-China-FIRES-BACK-at-Over-Trump.jpg)
![Trump Vs BRICS: Trump Declares Economic WAR On BRICS Allies, Warns 10% Tariffs On âAnti-U.S Blocâ [Video]](https://video.newsserve.net/300/v/20250707/1415718410-Trump-Vs-BRICS-Trump-Declares-Economic-WAR-On.jpg)
![PM: Iran must never obtain nuclear weapons [Video]](https://video.newsserve.net/300/v/20250626/1414847780-PM-Iran-must-never-obtain-nuclear-weapons.jpg)
![Tory leader says Palestine recognition ârewards terrorismâ [Video]](https://video.newsserve.net/300/v/20250802/1418410496-Tory-leader-says-Palestine-recognition-rewards-terrorism.jpg)
![Tory leader says she will âreverse the family farms taxâ [Video]](https://video.newsserve.net/300/v/20250802/1418409916-Tory-leader-says-she-will-reverse-the-family.jpg)
![Rival groups standoff as asylum hotel protest starts [Video]](https://video.newsserve.net/300/v/20250802/1418407758-Rival-groups-standoff-as-asylum-hotel-protest-starts.jpg)
![Chancellor backs 'important' Heathrow expansion [Video]](https://video.newsserve.net/300/v/20250801/1418334566-Chancellor-backs-important-Heathrow-expansion.jpg)
