Overview

• President Donald Trump told reporters that Prime Minister Narendra Modi assured him India would halt buying Russian oil, noting any shift would take time.
• India’s foreign ministry said its energy policy prioritizes safeguarding consumers in a volatile market and did not confirm any commitment to stop Russian imports.
• Independent tracker Kpler reported Russia supplied about 34% of India’s crude in September, roughly 1.6 million barrels per day.
• Reuters reported some refiners are preparing gradual reductions in Russian crude, though they have received no government order to stop purchases.
• U.S. tariffs on Indian goods were raised to 50% with a penalty tied to Russian oil buys, as Indian officials signal willingness to increase U.S. oil and LNG imports if prices are competitive.