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Oil prices may triple to $200/barrel if India stops buying Russian oil: Report
short by Ashley Paul / on Thursday, 28 August, 2025
Crude oil prices may more than triple to around $200/barrel if India stops buying Russian oil over US President Donald Trump's tariffs, Reuters reported citing internal Indian government estimates. Global oil prices would also lose the 7% discount Russian oil offers compared to global benchmarks. Indian government has warned that cessation of Russian oil imports would send domestic prices soaring.
read more at Reuters