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Why this Trump oil tariff is Zzz

A US Senate bill imposing tariffs on Russian oil buyers faces hurdles, posing no immediate threat to India's energy security. India has diversified imports, strengthened diplomatic efforts, and can easily reduce Russian oil reliance, leveraging traditional West Asian suppliers and new commitments with African/South American nations. The author cautions the US against tariffs, highlighting global oil price stability challenges, OPEC's struggles, and international pushback from allies. A nuanced approach is urged to avoid magnified global impacts from such sanctions, considering past tariff actions.

Economic Times · ET Bureau · Aug 9, 2026 at 6:05 PM

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