Indian Refiners Pause Procurement After Trump Targets Russian Crude Flows

India’s state-run refiners have requested urgent guidance from the government in New Delhi following a social media post by U.S. President Donald Trump, reported by AP News, announcing a 25% tariff on Indian exports to the United States effective August 1, and warning of an additional penalty tied to India’s continued purchases of Russian oil. The announcement has unsettled procurement teams that had previously structured Russian crude purchases through intermediaries and non-dollar payments under the assumption they would remain outside…