India could face up to 100% US tariffs over Russian oil - dw.com

India could face up to 100% US tariffs over Russian oil - dw.com

Source: dw.com

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DW NOTE

India bought discounted Russian crude when Europe embargoed it, now Washington threatens 100% tariffs for the same imports. The arithmetic is clear: with the Strait of Hormuz closed since mid-July and WTI at $106, India cannot replace Russian barrels without wrecking its current account. The US is demanding India choose financial stability or American approval — but not both.

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