Ukrainian drone assaults on Russian energy installations have sent oil prices skyrocketing. The attacks have caused a halt to exports and stirred traders to recalibrate their positions amid the prevailing geopolitical hesitancy.

Russian Energy Hits Market Risks

Oil markets reacted strongly on Monday after Ukrainian drone strikes hit a number of Russian energy facilities from a major refinery to an export terminal. The traders and investors rapidly changed their positions to adapt to the unfolding risks of supply interruptions in one of the largest oil-producing countries in the world.

Market Movements Amid Geopolitical Tensions

By 0632 GMT, Brent crude futures were up by 36 cents or 0.5% at $67.35 per barrel, while U.S. West Texas Intermediate (WTI) crude also rose 36 cents, or 0.6%, to $63.05 per barrel. The upward trend for both contracts had already been established last week since the crisis in Ukraine has led to heavy attacks on Russian oil infrastructure, and thus the prices had increased accordingly.

The targets hit by the missiles were the Primorsk export terminal, the largest seaport in the west of Russia from where about 1 million barrels/day of crude oil can be loaded, and the Kirishinefteorgsintez refinery operated by Surgutneftegaz, which with a capacity of about 355,000 barrels per day is the fifth-largest producer of petroleum products in Russia.

JPMorgan analysts led by Natasha Kaneva were of the opinion that the conflict escalation “marked the readiness to obstruct crude oil flows from abroad, which means the prices could be pushed to the upside”, in a report referring to the attack on Primorsk.

Traders Adjust Positions

As the markets digested the risks associated with the geopolitical situation, investor sentiment was transformed almost immediately. IG Markets analyst Tony Sycamore observed, “The implication that Ukraine might strategically target Russian energy export infrastructure sets a trend of upside risks to forecasts no matter OPEC+’s production plans.”

The traders are cautiously examining supply interruptions in connection with the general situation of global oil production. The market is especially attentive to the energy trading hubs in Europe and the US, where concerns of volatility due to the uncertainty of Russian exports have appeared despite a forecast of OPEC+ preparing to raise output.

Also Read: Russia Dominates India’s Oil Imports as OPEC’s Influence Dips to Record Low

U.S. Fuel Demand and Macro Factors

The geopolitical tension is not the only factor on investors’ minds. U.S. fuel demand growth figures are also being taken into account. Last week softer job growth and rising inflation triggered anxieties about the American economy. Moreover, the Federal Reserve is very likely to lower interest rates at its September 16–17 meeting, thus adding another dimension to the market.

President Trump was very clear about it: the U.S. would be ready to impose additional sanctions on Russia but European action has to be in line with Washington. This, apart from causing market volatility, is changing strategies.

Strategic Implications for Russian Energy

The attacks on Primorsk and Kirishi have exposed the weak points of the Russian export infrastructure. The drone strike over the weekend on a refinery in Bashkortostan means, says governor Radiy Khabirov, the facility that produces oil for the region will not stop its work, but he is worried about the extent of the damage and the noise created by the delivery of oil and gas in the area.

Per the analysts, Russia continuously attacking energy installations will cause global oil supply to shrink and thereby potential risk and gain for investors. The use of both hedging and position adjustment of dealers in today’s trading decisions make for an accurate reflection of the higher stakes in a volatile market setting.

Looking Ahead

Such happenings are now part of the daily routine foreign investors keep an eye on during U.S.-China trade negotiations in Madrid , apart from the usual suspects in the geopolitical drama. The oil markets will probably keep reacting to these events for some time, and this will have repercussions on futures prices, trading volumes and risk perception in the near term.

As tensions between powers become more acute, questions about whether energy supplies from Russia will survive and the stability of the world oil market will be there. The responding and repositioning of traders’ strategies will be their method of trying to take oxygen from uncertainty and profiting from movements in the price.

FAQ’s

READ MORE ON

Read the full article here: Russian Energy Volatility Hits Oil Markets — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

Oil prices fell as global markets turned their focus to the upcoming meeting between US President Donald Trump and Ukrainian President Volodymyr Zelenskiy, following Trump’s recent talks with Russian President Vladimir Putin. The geopolitical uncertainty has kept crude futures under pressure, with Brent trading below USD 66 a barrel.

Oil prices slipped on Monday as traders shifted focus to Washington, where US President Donald Trump is set to meet Ukrainian President Volodymyr Zelenskiy after holding a summit with Russian President Vladimir Putin. Market participants are closely watching whether the talks will lead to progress on a potential peace deal, even as the Ukrainian side faces pressure to cede territory.

Brent crude dropped below USD 66 a barrel, while West Texas Intermediate traded under USD 63, following a 1.5% decline in the previous session. The market reaction highlights how geopolitical uncertainty has weighed on crude futures, keeping them confined to a narrow trading range in recent weeks.

Trump has signaled that his primary demand will be a ceasefire, warning that failure could trigger stricter measures against Moscow and buyers of Russian crude. At the same time, he has shown flexibility toward Russian requests and delayed certain trade penalties, a mixed approach that has left energy traders cautious. India has already faced higher tariffs for purchasing Russian crude, while China has been spared further levies as its energy imports from Moscow continue.

Also Read: Oil Prices Dip Ahead of Trump-Putin Summit in Alaska

So far this year, crude prices have fallen by more than 10%, pressured not only by political tensions but also by OPEC’s rapid return of previously idled barrels. Longer-term forecasts add to the bearish tone, with projections of a record supply surplus emerging by 2026 as production expands faster than global demand growth.

Analysts warn that volatility is likely to intensify if the Trump-Zelenskiy meeting fails to produce clarity on the direction of negotiations. With geopolitics, trade maneuvers, and shifting supply trends intersecting, crude oil remains caught in a fragile balance where any policy move could tilt the market.

READ MORE ON

Read the full article here: Oil Falls as Critical US-Ukraine Talks Set to Begin — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

Oil prices slipped ahead of the Trump-Putin Alaska summit, with Brent and WTI declining. The market awaits potential easing of Russia sanctions while China’s refinery throughput and exports show year-on-year growth, highlighting complex global energy dynamics.

Global oil prices declined on Friday as traders awaited the high-profile summit between U.S. President Donald Trump and Russian President Vladimir Putin in Alaska. Brent crude futures fell 89 cents, or 1.3%, to $65.95 a barrel by 1315 GMT, while U.S. West Texas Intermediate (WTI) crude futures dropped 97 cents, or 1.5%, to $62.99 a barrel.

The market is closely watching whether the talks could ease sanctions imposed on Russia over the ongoing conflict in Ukraine. Analysts suggest that any hint of a ceasefire or diplomatic breakthrough may trigger renewed optimism in the oil market. Conversely, unresolved tensions could maintain price volatility.

Meanwhile, Chinese refineries reported an 8.9% year-on-year increase in throughput in July, although it was slightly lower than June levels, which marked the highest throughput since September 2023. Chinese oil product exports also rose from a year ago, indicating strong global demand despite recent production adjustments.

Also Read: Indian Oil Stock Declines Before Quarterly Results

Experts note that fluctuations in oil prices remain sensitive to geopolitical developments, U.S.-Russia relations, and China’s refining output. Traders are balancing these factors alongside market speculation about potential sanction relaxations or shifts in energy demand.

The oil market continues to reflect the complex interplay of geopolitical uncertainty and global energy supply-demand dynamics, highlighting the need for investors and policymakers to monitor developments in real time.

READ MORE ON

Read the full article here: Oil Prices Dip Ahead of Trump-Putin Summit in Alaska — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

RBI enables faster India-Russia trade with simplified rupee-rouble settlement accounts, easing invoicing, payments, and currency management while enhancing bilateral trade efficiency.

India has taken a significant step to strengthen trade ties with Russia by simplifying rupee-rouble settlements. The Reserve Bank of India (RBI) has allowed authorized Indian banks to open special rupee accounts for Russian entities, streamlining payments and reducing reliance on the US dollar.

Previously, banks needed RBI approval to open Special Rupee Vostro Accounts (SRVAs), slowing trade settlements. Under the new guidelines, banks can independently maintain these accounts, enabling faster invoicing, payments, and rupee-based international trade.

Also Read: Bilateral Trade Deals May Reshape India’s Economic Outlook

Funds in these accounts can now be freely invested in government securities and treasury bills, adding liquidity options for banks and exporters. The move is expected to facilitate smoother transactions in key sectors, including oil and energy, while mitigating challenges posed by trade imbalances and currency volatility.

Analysts note that India’s proactive approach may increase bilateral trade efficiency, positioning the rupee as a more prominent currency in global settlements and reducing dependency on the dollar for India-Russia trade.

READ MORE ON

Read the full article here: Rupee-Rouble Rule: A Step Toward Smarter, Sovereign Trade — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

India is witnessing a shift in its crude oil import strategy as Russian oil prices drop amid international sanctions, while imports from the US surge to nearly double early 2025 levels. The uncertainty surrounding geopolitical tensions is prompting Indian refiners to reassess procurement plans, creating ripple effects in the global energy market.

Industry experts suggest this divergence in pricing and sentiment may persist in the short term. With uncertainty surrounding global policy actions, Indian refiners—especially those under public ownership—are approaching Russian crude with more caution. Maintenance-related supply increases from Russia expected between August and October may also add to downward pricing pressure.

Despite the growing concerns, a full exit from Russian oil remains unlikely. Russia still holds approximately 37% market share in India’s crude basket. However, refiners are beginning to diversify sources to limit exposure. Private refiners continue to source Russian barrels but at reduced volumes, responding to shifting price signals and market dynamics.

Meanwhile, India’s crude imports from the United States have nearly doubled, rising to around 225,000 barrels per day since May 2025. This increase underscores a broader trend toward risk-balanced sourcing, aligning with India’s long-term strategy of diversifying energy partners.

Also Read: Russia Slams US ‘Neocolonial Agenda’ After Trump Targets India

From a financial perspective, the trade-off between discounted Russian barrels and stable US supply presents a nuanced challenge. While Russian oil offers cost advantages, the external risks tied to sanctions and supply volatility are prompting Indian refiners to price in risk-adjusted margins more conservatively. Long-term procurement strategies may increasingly favor countries offering political and trade stability, even at marginally higher costs.

In conclusion, India’s evolving oil import patterns highlight the growing role of geopolitical alignment in energy procurement decisions. As global tensions continue India’s energy procurement strategy is undergoing a significant transformation as discounted Russian crude faces new headwinds from sanctions and potential penalties. At the same time, the country’s appetite for US crude has surged, signaling a recalibration of supply sources influenced by both price economics and geopolitical risk.

Russian-origin Urals crude is now trading at over $5 per barrel below the Dated Brent benchmark, a notable discount compared to near parity just two weeks ago. This price drop reflects increasing pressure from international sanctions, raising concerns among Indian refiners—particularly state-owned enterprises—that greater scrutiny could lead to disruptions or reputational risk.

to influence commodity markets, India’s refining sector is adapting with a focus on diversification, resilience, and supply security.

READ MORE ON

Read the full article here: Why Is Russia Suddenly Cutting Oil Prices to India? — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

India faces heightened economic pressure as the United States signals potential secondary sanctions after implementing a 50% import tariff on Indian goods. The development, tied to India’s energy trade with Russia, signals a broader shift in U.S. trade and foreign policy dynamics.

U.S. President Donald Trump has heightened trade tensions with India, imposing a 50% tariff on Indian imports and issuing a fresh warning on secondary sanctions, citing India’s continued purchase of Russian oil. The decision marks a significant shift in U.S. trade posture and has triggered diplomatic and economic concerns in India.

Additional Tariff: Strategic Penalty or Trade Weapon?

The newly imposed 25% additional tariff—on top of pre-existing U.S. duties—will come into force 21 days after August 7, raising total duties on select Indian exports to as high as 50%, one of the highest across U.S. trading partners. The rationale cited: India’s growing energy ties with Russia, which Washington says indirectly sustains Moscow’s geopolitical ambitions.

Secondary Sanctions: A Policy Lever in Motion?

Though India was not exclusively named, the undertone strongly pointed toward a policy path targeting countries deepening energy cooperation with Russia. Trump also mentioned China as a possible candidate for future sanctions, further signaling a potentially multilateral enforcement strategy.

Also Read: India-US Trade Strains Deepen Amid 50% Tariff Escalation

India’s Response: Strong Diplomatic Pushback

India’s Ministry of External Affairs (MEA) issued a sharp response, condemning the tariff escalation and the secondary sanctions rhetoric. The ministry noted:

“It is extremely unfortunate that the U.S. should choose to impose additional tariffs on India for actions that several other countries are also taking in their own national interest.”

India reaffirmed that energy security for its 1.4 billion citizens remains a sovereign economic decision driven by market needs.

Global Implications: Risk of Trade Realignments

Experts suggest that these moves could reshape trade dynamics between India and the United States, particularly in sectors such as pharmaceuticals, software services, automotive components, and defense. With geopolitical alignment growing complex, India may accelerate trade diversification efforts, deepening ties with Asia-Pacific, Middle Eastern, and European partners.

India’s foreign trade strategy might also explore increased bilateral deals and currency settlement arrangements to bypass potential sanction risks in the energy trade.

READ MORE ON

Read the full article here: India Faces Immediate 50% Tariff Shock – Here’s What It Means — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

India has strongly criticized US President Donald Trump’s tariff threats over Russian oil purchases, calling them unjustified. With nearly 20% of its exports dependent on the US market, India is now navigating an increasingly coercive trade environment that ties economic policies with geopolitical strategy. Financial experts warn the US’s hegemonic use of sanctions could have long-term consequences on global trade, prompting India to rethink its global alignments.

India has strongly objected to the latest tariff threats issued by US President Donald Trump, who warned of imposing additional duties on Indian goods over the country’s continued purchase of Russian oil. With the US accounting for nearly 20% of India’s total exports, New Delhi’s trade position has come under new pressure as Washington wields economic tools for strategic goals.

In a sharp rebuttal, Indian officials labeled the targeting as “unjustified and unreasonable”, vowing to take “all necessary measures” to protect national interests and economic security.

The move signals a deepening of the US’s evolving sanctions doctrine, where trade and financial penalties are used to push foreign policy objectives. Analysts now see this as a pivotal moment in India-US economic relations, questioning whether traditional partnerships can endure in an increasingly unilateral global order.

While India’s Ministry of External Affairs maintains that energy security requires diversified sourcing — including oil from Russia — the tariff pressure from the US has already caused exporters to scramble for alternative arrangements to maintain their US market access.

Tariffs as a Geopolitical Weapon

Trump’s decision to align trade measures with geopolitical posturing is not new but marks a significant escalation in using tariffs as a mechanism to enforce foreign policy. India is being asked to reduce its energy trade with Russia or face penalties — a clear example of how trade tools are being adapted for non-trade objectives.

India’s strategic oil purchases are made under sovereign policy choices aimed at affordability, not political alignment. The targeting of Indian exports under these circumstances sets a new precedent, one where sovereignty in trade decisions risks direct financial penalty.

Also Read: Russia Slams US ‘Neocolonial Agenda’ After Trump Targets India

Financial Risks for India and Emerging Economies

Trade experts argue that India’s situation reflects broader vulnerabilities faced by emerging economies in a world where US financial dominance is often used as leverage. A recent paper by a former central banker described the US as a “hegemonic sanctioner”, citing that over 35% of global sanctions since 1949 have originated from Washington.

With the US maintaining control over the global financial system — particularly through its dominant currency and settlement networks — developing nations face limited channels for evading the economic fallout from sanctions or secondary sanctions. These actions, while not acts of war, can be just as disruptive for national economies.

In India’s case, public-sector oil companies are already facing blocked dividend flows — reportedly close to $900 million — due to payment channel restrictions related to ongoing sanctions. Such disruptions not only affect corporate earnings but also the government’s fiscal projections.

Long-Term Implications on Bilateral Ties

Indian trade negotiators have reportedly been struggling to convince the US to discuss sector-specific reliefs, particularly in the steel and auto sectors. Exports worth nearly $5 billion have been affected by existing US tariffs, and new measures could deepen the impact.

Financial commentators caution that Washington’s policy risks alienating New Delhi at a time when global alignments are undergoing seismic shifts. The growing economic influence of non-Western institutions such as BRICS and the Asian Infrastructure Investment Bank (AIIB) offers alternative funding and trade partnerships — a direction India might be increasingly inclined to explore.

The consistent elevation of economic sanctions as a diplomatic tool also risks diminishing the effectiveness of such measures over time. As more countries diversify away from US-centric systems — both financially and politically — the long-term dominance of the dollar and related economic leverage could erode.

India’s Strategic Response

New Delhi has already begun recalibrating its trade and financial partnerships, deepening its engagement with non-Western institutions and exploring alternate payment mechanisms. The upcoming trade talks with the US are expected to be tense, with India’s position likely to harden if coercive measures continue.

While India’s commitment to maintaining strong bilateral ties remains unchanged, the expanding use of economic threats is pushing it to reassess its strategic alignments, possibly accelerating its pivot toward multipolar global structures.

The weeks ahead will determine whether this latest friction with the US is resolved diplomatically — or leads to long-term structural changes in India’s trade, currency, and financial strategies.

READ MORE ON

Read the full article here: Trump’s Double Standards: Tariffs for India, Tariff Cuts for Pakistan? — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

Russia has accused the United States of pursuing a “neocolonial agenda” through tariff impositions, following tariff threats by Donald Trump against India for its oil trade with Russia. India, in response, defended its energy strategy and trade interests, citing unfair targeting.

As global tariff tensions escalate, Russia has strongly condemned the United States for adopting a “neocolonial agenda,” following recent threats by former President Donald Trump to impose higher tariffs on India. The statements come amid growing global economic realignments and rising protectionism.

Russia’s Foreign Ministry criticized the United States for shifting from its historical advocacy of free trade to a strategy built on economic coercion. The remarks, shared through official diplomatic channels, labeled the U.S. tariff hikes as politically motivated attempts to preserve global dominance.

The statement referenced the United States’ imposition of tariffs on 68 countries, including allies, as well as the European Union. These measures, set to take effect on August 7, range from 10% to 41%, targeting strategic imports such as raw materials, energy products, and critical technology components.

Also Read: Trump’s Trade War: A Self-Inflicted Wound on the US Economy?

In a firm rebuttal to Trump’s remarks about India profiting from oil trade with Russia, the Ministry of External Affairs, India official website clarified the country’s position, stating that oil imports from Russia were in response to redirected global supply flows and were necessary to ensure domestic affordability. It added that India’s trade with Russia is significantly lower than that of Western countries, both in volume and scope.

Economic data released by India highlighted that European LNG imports from Russia reached 16.5 million tonnes in 2024, a record high, surpassing their own previous levels from 2022. Furthermore, Western economies continued importing strategic materials and energy components from Russia, contradicting their own sanctions rhetoric.

From a global economic standpoint, Russia warned that the widespread tariff regime threatens to fragment the international economic system further, disrupt cross-border supply chains, and stall recovery in developing regions.

The Russian administration reaffirmed its commitment to building alliances with BRICS and other like-minded nations to counter unilateral sanctions and economic pressure. It proposed deeper cooperation on trade resilience and monetary independence.

This geopolitical standoff reflects a broader shift in global economic alliances. With India asserting its strategic autonomy and Russia amplifying its diplomatic support, the developing world continues to push back against what many perceive as western economic overreach.

As India prepares for potential retaliatory measures, financial analysts suggest that new multilateral trade corridors and digital payment infrastructure could further reduce dependence on the traditional Western-led economic system.

READ MORE ON

Read the full article here: Russia Slams US ‘Neocolonial Agenda’ After Trump Targets India — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

 In a volatile escalation of trade tensions, U.S. President Donald Trump called India and Russia “dead economies,” sharply criticizing India’s ties with Russia and justifying a new 25% tariff on Indian exports. His rhetoric comes amid global concerns over shifting alliances and protectionist trade strategies.

Amid escalating geopolitical tensions, United States President Donald Trump has sharply rebuked India, calling it a “dead economy” alongside Russia, just a day after imposing a steep 25% tariff on Indian exports to the US, effective August 1. This development has sent fresh tremors through India’s trade and diplomatic circles, raising immediate concerns for exporters and market stakeholders.

The move marks a notable shift in trade posture, as Trump’s administration signals a hardline stance on nations perceived as failing to align with U.S. economic and security interests. This comes after his earlier comment that India has consistently purchased military equipment and energy from Russia, undermining what he called fair market behavior.

Also Read: 5 Lakh Crore Gone: Indian Stock Market’s Steepest Fall in Months

From a financial standpoint, the 25% tariff could severely impact Indian sectors such as textiles, automotive parts, and pharmaceuticals, which rely heavily on U.S. demand. Exporters and policy experts suggest the immediate fallout could include reduced trade volume and weakened investor sentiment in the short term, particularly if retaliation or countermeasures follow.

Moreover, this aggressive tone further complicates India’s strategic balancing act between maintaining long-standing defense and energy ties with Russia and expanding economic cooperation with the West. The Indian rupee, already under pressure from global macroeconomic factors, may face volatility as a result.

Trump’s remarks on Russia also intensified. Addressing former Russian President Dmitry Medvedev’s warning of potential war with the United States,

The comment was seen by analysts as a signal of deteriorating diplomatic dialogue between major powers.

Also Read: US Tariff Deadline Looms: Will India Be Hit With 25% Duties?

India’s Ministry of Commerce has yet to issue a formal response, but officials are reportedly monitoring the situation closely as the tariff deadline approaches. Economists caution that this episode may be the start of a more assertive U.S. policy toward countries seen as economically non-aligned with U.S. strategic objectives.

This unfolding situation puts India in a critical position as it navigates trade competitiveness, diplomatic neutrality, and global economic pressure. Investors are advised to watch upcoming policy announcements and global market reactions closely as this trade dispute evolves.

READ MORE ON

Read the full article here: Trump Labels India, Russia as ‘Dead Economies’—Is He Right? — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

The United States has issued a strong warning to China regarding continued purchases of sanctioned Russian oil, threatening tariffs of up to 100%. The Biden administration is increasing pressure on Beijing to halt energy and technology trade that supports Russia’s war efforts in Ukraine.

Geopolitical tensions between the United States and China intensified this week as U.S. Treasury Secretary Scott Bessent delivered a direct warning to Chinese officials about the economic risks of continuing to import sanctioned Russian oil. Citing legislation under discussion in the U.S. Congress, Bessent cautioned that countries purchasing such oil could face secondary tariffs of up to 100%, with the first wave of penalties likely within 10 to 12 days unless there is progress in Moscow’s engagement toward a peace deal with Ukraine.

The remarks followed two days of U.S.-China trade discussions in Stockholm, where Bessent reiterated Washington’s disapproval of China’s energy engagements with Russia and Iran. He also highlighted U.S. concerns over the sale of more than USD 15 billion worth of dual-use technology goods from China to Russia — supplies believed to be aiding Moscow’s war infrastructure.

Also Read: How Will the US-China Trade War Impact India and Japan’s Future Deals?

This escalating rhetoric reflects mounting frustration in Washington. The proposed legislation not only empowers the U.S. President to enforce tariffs as high as 500% on Russian oil-importing nations but could also encourage U.S. allies to adopt similar punitive measures. These moves are aimed at strategically cutting off revenue flows to Russia’s energy sector, a primary funding stream for its military operations.

China, which currently imports approximately 2 million barrels of Russian oil daily, remains the largest buyer of Moscow’s crude. In response to U.S. pressure, Chinese representatives asserted their sovereign right to determine energy sourcing based on domestic policy priorities.

Also Read: Will the US-China Trade War Break China’s Banking Sector?

“They take their sovereignty very seriously,” Bessent said, suggesting that China would rather absorb the impact of tariffs than compromise its energy autonomy.

The potential economic impact extends far beyond oil. Bessent emphasized to Chinese Vice Premier He Lifeng that continued technological exports to Russia — especially components that may end up in weapon systems — are eroding China’s credibility and economic relationships in Europe.

“China’s position is damaging its public perception across Europe. It’s seen as indirectly fueling a war at Europe’s doorstep,” Bessent noted, underscoring the reputational and strategic risks Beijing faces in sustaining its current trade path with Russia.

As the situation develops, the global market is closely monitoring the implications for oil pricing, supply chain stability, and the broader recalibration of international trade alliances.

READ MORE ON

Read the full article here: US-China Trade Tensions Escalate Over Russian Oil Imports — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).