Trump sanctions bill may impact India's crude imports
pre-market1 source ↓written by the desknot a recommendation
- on nations buying
- 100%
- of its crude
- 55%
US President Donald Trump signed the Lindsey O Graham Sanctioning Russia and Iran Act of 2026, allowing tariffs up to 100% on nations buying Russian oil. India, a major buyer with 55% of its crude from Russia, faces potential supply disruptions amid rising geopolitical tensions. This legislation could significantly affect India's crude sourcing strategies.
Not investment advice. For informational purposes only.