On August 5, 2025, US President Donald Trump announced 25% penal tariffs on India for its purchase of crude oil from Russia. One year later, India faces the prospect of up to 100% tariffs for its Russian crude oil purchases!

US Senate approves tariffs on India over Russian oil purchases. Crude oil reaching a new all-time high by December 31 at 11.5% YES.

On August 5, 2025, US President Donald Trump announced 25% penal tariffs on India for its purchase of crude oil from Russia. One year later, India faces the prospect of up to 100%…