For years, India has balanced close partnerships with both Washington and Moscow, even throughout Ukraine war. Trump is finally demanding it picks a side

Oil prices climbed on Wednesday, rebounding from a five-week low in the previous day, on concerns of supply disruptions after U.S. President Donald Trump's threats of tariffs on India over its Russian crude purchases.

Jaiswal argued that India only began importing oil from Russia after “traditional supplies were diverted to Europe after the outbreak of the conflict” before noting the U.S. appreciated this move at the time as it kept the “global energy markets” stable.