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
―
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.