Trump’s 25% additional tariffs loom: Indian refiners delay orders for Russian crude oil; take cautious approach
Tuesday, 19 August 2025 () Indian refiners are cautiously delaying September Russian oil orders, awaiting clarity on Trump's proposed 25% penalty linked to oil purchases. Officials fear a sudden shift away from Russian supplies, which constitute 35% of India's crude needs, could tighten the global market and potentially drive up oil prices.
A major escalation in Europe’s energy war: Russian crude oil flows to Hungary and Slovakia through the Druzhba pipeline have been suspended after an alleged Ukrainian attack on a transformer station. Hungary’s Foreign Minister Péter Szijjártó called the disruption “outrageous and...
A German daily, Frankfurter Allgemeine Zeitung (FAZ), has claimed that Donald Trump tried calling PM Narendra Modi four times after imposing a 50% tariff on Indian goods—yet Modi never picked up. The..
Donald Trump declared that the U.S. is no longer directly paying Ukraine but instead profits from arms sales routed through NATO allies. Speaking at the White House, Trump emphasized that NATO partners..
Russia has released dramatic footage showing its drone strike destroying a U.S.-supplied AN/TPQ-36 radar system used by Ukraine to track artillery fire. The system erupted in flames after a precise..
Indian refiners plan to slightly decrease Russian crude oil imports in the coming weeks. While maintaining energy ties with Moscow, projected purchases will fall... IndiaTimes
Tuesday, 19 August 2025 ()
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