Vandana Hari of Vanda Insights suggests the crude oil market isn’t overly concerned with Trump’s threats, partly due to India’s consistent Russian oil purchases. India’s potential reduction in intake would destabilize the market, a gap China couldn’t readily fill. While Trump’s sanctions could impact India, the nation appears firm, awaiting concrete US actions before altering its import strategy.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets