India warns new US tariffs over Russian oil could impact ties - Al Jazeera
India warns new US tariffs over Russian oil could impact ties - Al Jazeera
Source: Al Jazeera
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DW NOTE
India imports roughly 2 million barrels per day from Russia — about 40% of its total crude needs — most of it bought at steep discounts to benchmark prices after Western sanctions. Washington threatening tariffs over those purchases means asking India to pay market rates for oil that's already 30% more expensive than last year, while the Strait of Hormuz sits mined shut and global supply is down 6%. Delhi's response isn't diplomatic posturing, it's arithmetic.