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.
Donald Trump has issued a stark ultimatum to Hamas: “Surrender and release the hostages” or face continued starvation in Gaza. Amid mounting criticism of Israel’s war strategy and stalled hostage talks, Trump shifted his tone—demanding Hamas end resistance to stop the humanitarian crisis. As...
White House Press Secretary Karoline Leavitt has slammed Hillary Clinton following the release of a bombshell report on the Russiagate scandal. Leavitt claims the report proves Clinton approved the..
In a dramatic and controversial trade move, U.S. President Donald Trump has announced a major oil partnership with Pakistan just hours before slapping India with a harsh 25% tariff and an additional..
Just hours after Trump’s warning of secondary tariffs on China and India, Beijing has responded with bold defiance. China’s Foreign Ministry declared it will defend its energy and economic..
Friday, 1 August 2025 ()
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