India Weighs Cutting Russian Crude Imports After US Tariff Threat

India is reportedly considering reducing Russian crude imports following a new US sanctions bill that imposes 100% tariffs on purchasers of Russian oil. This follows a pattern where previous US tariffs on India were lowered from 50% to 18%, after which imports surged to nearly 3 million barrels per day in July, with some refined products returning to Russia as gasoline. The shift could tighten global crude supply and alter trade flows, though India's final decision remains uncertain.