India will restrict crude oil purchases from Russia as part of an agreement reached with the US in exchange for lower trade tariffs, sources said, adding imports will continue for now by refiners such as Nayara Energy, which have no other alternative source. US President Donald Trump announced overnight that the United States will cut the reciprocal tariff on imports of Indian goods to 18 per cent from 25 per cent under a broader bilateral understanding.
Responding to concerns raised by Leader of the Opposition Rahul Gandhi in the Lok Sabha, Petroleum Minister Hardeep Puri said it is the foremost priority of the government that the kitchens of over 33 crore families, especially the poor and the underprivileged, do not face any shortage of gas.
Trump says Putin and Zelenskyy would be stupid if they don't end the war now, and that he knows they are not stupid.
India has gained the least since Russia invaded Ukraine in February 2022 and was penalised the most, while the US, China and the European Union emerged as the biggest beneficiaries from the war.
The Kremlin has confirmed that Russian President Vladimir Putin has received an invitation to join US President Donald Trump's Gaza Peace Board and is currently considering the offer.
Iran is fighting a different war: Older, slower, and in some ways more dangerous. Iran doesn't need to shoot down an F/A-18. It only needs to make the Strait of Hormuz feel dangerous long enough for insurance markets, shipping companies, and oil futures traders to do the rest. Prem Panicker continues his must-read daily blog on the war in the Middle East.
India's merchandise exports to the US contracted 21.77 per cent to $6.6 billion in January due to high tariffs imposed by America, according to the Commerce Ministry data. Exports contracted in September, October and December last year also. However, it rose 22.61 per cent in November.
Following the seizure, Moscow issued a strong condemnation asserting that no country has the right to use force against vessels lawfully registered under another state's jurisdiction, particularly on the high seas.
On July 1, both victims were first sent to Kazakhstan and later transported to Omsk, Russia, where they were abandoned. "There were no jobs, no accommodation and they had to survive for days without proper food and shelter," a senior officer said.
'No one can or will bar India from pursuing its energy goals as it wishes.' 'The US FTA wording may sound more restrictive, but the underlying reality will not undermine India's sovereign energy decisions.'
By appearing to privilege ideological affinity over strategic balance, India risks eroding the trust painstakingly built across West Asia. Once the perception takes hold that India's friendship is conditional and transactional, rebuilding credibility will be difficult, warns Amberish K Diwanji.
US President Donald Trump announced a new global levy on imported items, resulting in a lower tariff rate for India, following a Supreme Court verdict against his previous sweeping tariffs.
In a post on X on Saturday, Zelenskyy revealed that he and Trump had held a "long and substantive" call, beginning with one-on-one talks and later including European leaders in a broader discussion, where Trump briefed him on his recent meeting with Putin.
The verdict marks a notable shift from a series of recent wins for Trump at the Supreme Court.
Trump has repeatedly asserted that Greenland is important to safeguard the US from Russia and China's presence in the Arctic Ocean, and has demanded that the Kingdom of Denmark sell the self-governed territory.
United States President Donald Trump reiterated the claims of having to do 'something' about Greenland, saying that if US doesn't take any action, Russia and China would spring in and that Washington, DC does not want to have them as neighbours.
'The entire US ecosystem built over decades at the bases in the Gulf region, especially the UAE, costing trillions of dollars have been decimated, dealing a mortal blow to the US Central Command's war capability,' points out Ambassador M K Bhadrakumar.
Private-sector oil refiner Reliance Industries Limited (RIL) last week received a general licence from the United States (US) government to buy Venezuelan oil, an industry executive said.
The comments come ahead of Trump's high-profile meeting with Russian President Vladimir Putin, scheduled for Friday in Anchorage, Alaska.
India possesses approximately 100 million barrels of commercial crude oil stocks, capable of covering 40-45 days of its requirements if flows through the Strait of Hormuz are disrupted, according to Kpler.
The relations between New Delhi and Washington are on a downturn after Trump doubled tariffs on Indian goods to a whopping 50 per cent, including a 25 per cent additional duties for India's purchase of Russian crude oil.
Prime Minister Narendra Modi voiced concern over reports of the targeting of Russian President Vladimir Putin's residence and urged Russia and Ukraine to focus on diplomatic efforts to end hostilities.
'Islamabad feels it has no alternative, but to address the challenges from the Afghan-Taliban through an open war.'
The ministry of external affairs spokesperson said that the meeting holds the promise of bringing to an end the ongoing conflict in Ukraine and opening up the prospects for peace.
United States President Donald Trump has backed a sanctions bill that could impose 500 per cent tariffs on countries buying Russian oil, giving the White House leverage against countries like China and India to stop them from purchasing cheap oil from Moscow.
Analysts predict India will face oil price volatility and macroeconomic effects due to the escalating Iran crisis, though the country's oil supply chain is not yet structurally insecure.
With the Iran war escalating sharply and crisis deepening in the global energy market, India on Monday unveiled a coordinated plan to support exporters and shippers caught in the fallout.
The Russian agencies concerned are carrying out studies to determine the level of investments they will have to make to manufacture the aircraft in India, defence sources said.
'I suspect that Bangladesh being given permission stuck in India's official craw, and this story was an attempt to balance the scales by giving the impression that a similar waiver had been given to India as well.'
The co-pilot of the aircraft that crashed carrying Maharashtra Deputy CM Ajit Pawar sent a 'good morning' message to her grandmother before takeoff, which turned out to be her last communication.
Trump has approved sharing targeting data with Ukrainians as the administration weighs sending powerful weapons, the news outlet reported on Wednesday (local time).
Sonia Gandhi has criticised the Modi government's silence on the assassination of Iran's Supreme Leader, arguing it raises doubts about India's foreign policy direction and credibility.
Trump reiterated that he is not negotiating on behalf of Ukraine, but rather aiming to bring the parties to the negotiating table.
An 8.8-magnitude undersea earthquake struck early Wednesday off the coast of Russia's Petropavlovsk-Kamchatsky, triggering tsunami waves in parts of Russia and Japan, and prompting alerts across the Pacific region.
Benchmark equity indices Sensex and Nifty tumbled more than 1 per cent on Friday due to across-the-board selloff, especially in metal, IT and commodity stocks, tracking sluggish global markets.
The ruling is expected to have wide-ranging consequences for global trade, businesses, consumers, inflation trends and household finances across the country.
External Affairs Minister S Jaishankar met Russian President Vladimir Putin to discuss ways to further expand India-Russia ties, following talks with Foreign Minister Sergey Lavrov focusing on trade.
United States President Donald Trump on Tuesday boasted about India-US defence cooperation, claiming that India's order for 68 Apache attack helicopters was delayed by five years and that Prime Minister Narendra Modi personally raised concerns over the long delivery period during a meeting with him.
'Strikes into the Gulf countries are proof that the security guarantees offered by the US are ineffective and that the Gulf countries cannot rely on American security assurances for their safety.'
According to a post on X by the US European Command, the tanker violated US sanctions and was tracked by the US Coast Guard cutter Munro prior to the operation.
