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The crude oil market bets Trump's India threats are hollow: Russell

The crude oil market has responded calmly to President Donald Trump's threat of higher tariffs on Indian imports, which he linked to India's continued purchases of Russian oil. Despite the possibility of tariffs rising to levels that could halt U.S. imports from India, traders appear unconvinced that significant changes will occur. Historically, the market has quickly adapted to geopolitical disruptions, rerouting oil flows without causing lasting supply shortages or price spikes. However, Trump's current approach aims to cut Russian barrels out of the market to pressure Moscow, which could prove more disruptive if India is forced to seek alternative sources for its preferred medium sour crude. For now, the market seems to expect that Trump's threats will not materialize fully, but some shifts in trade patterns and potential price impacts remain possible.

Original article source: https://www.dailymail.co.uk/wires/reuters/article-14988731/The-crude-oil-market-bets-Trumps-India-threats-hollow-Russell.html
Source Id: 8810000968

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