U.S. Slaps Extra 25% Tariff on India Over Russian Oil Imports
The White House claims the purchases indirectly support Russia’s war effort. India called the move “unjustified” and promised to defend its economic interests.
Analysts warn the tariff could hurt Indian exports, especially in textiles, leather, and engineering goods.
Stay ahead of market trends with the Credco app. For any queries, reach out via WhatsApp at +918448083211.
Related on the Wire
- Crude·Tuesday, 3 November 2026
Crude Oil Slides Over 7% as US-Iran Talks Raise Hopes for Peace
Crude oil prices recorded a sharp decline on Monday as renewed diplomatic initiatives between the United States and Iran raised expectations of a possible end to the eight-month conflict. The developments eased fears of further interruptions to energy supplies from the Middle …
Read story - Crude·Thursday, 22 October 2026
India’s Middle East Crude Imports Rebound 32% in September
India’s crude oil imports from the Middle East recovered to levels last seen before the war in September, supported by increased oil shipments through the Strait of Hormuz. Meanwhile, India’s purchases of Russian crude declined as Chinese buyers increased competition for Russi…
Read story - Crude·Thursday, 5 November 2026
Oil Prices Hit Two-Month Lows as US Midterm Results Boost Iran Deal Hopes
Crude oil prices extended their recent losses on Wednesday, November 4, falling by more than 8% to their lowest levels in over two months. The sharp decline followed the US midterm election results, which strengthened expectations that Washington could seek a diplomatic resolu…
Read story - Crude·Tuesday, 3 November 2026
S-Oil’s Shaheen Project Set to Boost Ethylene Capacity Amid South Korea’s Restructuring Push
South Korea’s efforts to restructure its petrochemical industry are facing fresh challenges as S-Oil’s $6.9 billion Shaheen project in Ulsan moves closer to completion. The complex is scheduled to begin commercial operations in 2027 and is expected to add 1.8 million tons/year…
Read story