India’s Refiners Seek Clarity on Russian Oil After Trump Deal

The article discusses the uncertainty faced by Indian refiners regarding their future purchases of Russian oil. Following President Trump's announcement that India would cease buying Russian crude in exchange for lower trade tariffs, Indian refiners are now seeking clarity from the government on the way forward. The article notes that India, the world's third-largest oil importer, has been a significant buyer of Russian oil since the start of the Ukraine war, taking advantage of discounted prices. However, with the new deal with the US, the future of these Russian oil purchases is now unclear. The article highlights the dilemma faced by Indian refiners, who are awaiting guidance from the government on how to navigate this situation. The decision could have significant implications for India's energy security and its relationship with Russia, a long-standing strategic partner.