Summary: Oil prices remained largely unchanged as the market anticipates the impact of new U.S. tariffs on India, the world’s third-largest crude consumer. The U.S. is set to impose additional tariffs on Indian exports, increasing them to 50% in response to India’s purchases of Russian oil. Despite the tariffs, Indian refiners have resumed buying Russian supplies, raising questions about the effectiveness of the higher tariffs.

Link: https://www.channelnewsasia.com/business/oil-prices-little-changed-market-awaits-impact-us-tariffs-india-5316416