The US announced a 60-day pause on sanctions against Russia and tariffs on other countries, including India, to analyse the global economic impact. This decision, made via an executive order by Trump, has drawn significant criticism from both Republicans and Democrats, who had previously passed the Lindsey O. Graham Sanctioning Russia and Iran Act. US officials stated the waiver allows for assessment of global energy pressures and European allies' refusal to impose secondary sanctions on Russian oil buyers.
Prime Minister Narendra Modi and US President Donald Trump held a telephone conversation to review progress in bilateral ties, covering trade, defence, and energy, against the backdrop of heightened trade friction due to the 'Lindsey O. Graham Sanctioning Russia and Iran Act of 2026'.
US lawmakers are racing to amend the Russia sanctions bill before recess. One amendment specifically names India, China, and other countries as potential targets for 100% tariffs due to their oil trade with Russia. Another significant amendment proposes to scrap the tariff section entirely, while others address presidential waiver powers and aid to Ukraine.
Top US and Chinese officials, including Vice Premier He Lifeng and Treasury Secretary Scott Bessent, held "candid, in-depth and constructive" talks in New York on economic and trade issues, with a specific focus on artificial intelligence. These discussions precede Chinese President Xi Jinping's anticipated visit to Washington and occur amidst new US sanctions targeting countries purchasing Russian oil and gas, and the US unveiling an "AI Force."
India has stated its commitment to protecting its economic interests and ensuring energy security after the US House of Representatives passed a bill allowing the US President to impose tariffs of up to 100 per cent on countries, including India and China, for purchasing Russian crude oil. The Ministry of External Affairs affirmed India's resolve to maintain diversified energy sourcing and has articulated its concerns to US interlocutors regarding the bill's potential implications.
The United States has sanctioned four India-based companies, including a customs broker and three other firms, for their involvement in importing petroleum and petrochemical products from Iran. This action is part of "Operation Economic Outcast," a broader US campaign to sever Iran's financial lifelines and prevent funding for its destabilising activities.
The US House of Representatives has passed the Lindsey O Graham Sanctioning Russia and Iran Act of 2026, authorising President Trump to impose sanctions on Russia's energy sector and tariffs on countries like India and China that purchase Russian oil and gas. The legislation aims to curb Russia's ability to evade existing sanctions and reduce global dependence on its energy exports, despite some Democratic opposition to increased tariff authority for the President.
External Affairs Minister S Jaishankar met US Secretary of State Marco Rubio on the sidelines of the UN General Assembly session in New York. India raised its concerns regarding the recently signed "Lindsey O. Graham Sanctioning Russia and Iran Act of 2026," which authorises tariffs on countries buying Russian oil and gas. Both leaders also discussed bilateral relations, regional priorities, and the situations in the Gulf and Ukraine.
US President Donald Trump is expected to sign the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 later on Friday (local time). A White House official confirmed the development to ANI without revealing further details.
Marco Rubio will visit Mumbai and Jamnagar to discuss energy cooperation as S Jaishankar says India-US trade talks are nearing a landing point, with a few issues unresolved.
Indian benchmark equity indices, Sensex and Nifty, closed lower due to persistent geopolitical tensions in the Middle East and elevated crude oil prices, with investors remaining cautious ahead of fresh US sanctions on Iran.
US Secretary of State Marco Rubio kick-started a three-day visit to India on Tuesday to advance bilateral ties in energy, trade and investment, defence, critical technologies, and exchange views on the West Asia crisis.
The UK has announced a comprehensive sanctions regime against Israeli settlements in the West Bank, banning the import of goods and targeting entities involved in settlement expansion. Foreign Secretary Ed Miliband condemned the "ethnic cleansing of Palestinians" and highlighted international support for the UK's stance, while Israel reacted strongly with counter-measures.
Russian President Vladimir Putin has proposed a new investment platform, based on the New Development Bank (NDB), to fund projects in trade, infrastructure, logistics, and technology across BRICS nations, emphasising that the grouping's expanding economic cooperation is not 'against anyone' but aims to advance members' national interests.
Navigating this geopolitical minefield requires a cold-blooded blend of immediate tactical pleading, structural domestic diversification, and aggressive collective resistance, suggests Ambassador Rajasekhar.
The US Senate has overwhelmingly approved a bill, the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, which aims to punish Russia and its major petroleum product buyers, including China and India. The legislation allows the US President to impose 100 per cent tariffs on goods from the top five importers of Russian oil and gas, and also extends sanctions on Iran's energy sector. The bill, championed by the late Senator Lindsey Graham, now moves to the House of Representatives for further approval.
A bipartisan group of US Senators has agreed to fast-track a bill allowing the President to impose sanctions on major purchasers of oil from Russia and Iran. This legislation, known as the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, aims to restrict funding for Russia's war efforts and Iran's energy and weapons sectors, potentially impacting countries like China and India through tariffs and other restrictions.
US Secretary of State Marco Rubio's visit to India this week underscores the complex dynamics of global energy policy, as Washington re-evaluates sanctions on Russian oil buyers amidst India's continued reliance on Russian crude.
US Vice President JD Vance and Prime Minister Narendra Modi held a phone call to discuss expanding the India-US comprehensive global strategic partnership, focusing on trade, defence, energy security, emerging technologies, and critical minerals. The discussion comes amidst rising tensions in West Asia and recent regional realignments, with both leaders reaffirming their commitment to strengthening cooperation.
A bipartisan group of US senators has introduced a comprehensive bill imposing extensive sanctions on Russia, with India identified as one of five countries that could incur tariffs for its continued purchase of Russian oil.
'It is a blunt and dangerous attempt to pressure India to sign BTA on one-sided terms.'
Chinese President Xi Jinping is set to visit the United States from September 23 to 25 for summit talks with US President Donald Trump, with discussions expected to cover critical economic and trade issues, including AI, and the recently signed US sanctions law targeting countries buying Russian oil and gas.
US President Donald Trump has defended a controversial diesel deal with Russia, stating it aims to stabilise the global market despite bipartisan criticism from US lawmakers. The deal, which eases sanctions on Russian diesel shipments until April 2027, has been criticised as a "gift to our adversary" that finances Russia's war efforts and offers little relief to Americans.
The US House of Representatives is debating a bill that would authorise the President to impose sanctions on Russia and steep tariffs on its oil and gas trading partners, including India and China. The bill, aimed at pressuring Russia over the Ukraine war, has faced opposition but is expected to be put to a vote.
The US House of Representatives has advanced a bill that would empower President Donald Trump to impose 100 per cent tariffs on countries, including India, that purchase oil and gas from Russia, and also extend sanctions on Iran. The legislation, which previously passed the Senate, aims to curb Russia's energy revenue amidst the Ukraine conflict.
China has strongly rejected a US bill that would impose tariffs on countries, including India, for purchasing Russian oil and gas. Beijing views the "Lindsey O Graham Sanctioning Russia and Iran Act 2026" as an act of "long-arm jurisdiction" and interference in its sovereign trade relations, asserting that its economic cooperation with other nations is based on equality and mutual benefit.
Indian stock market investors are closely monitoring crude oil prices, geopolitical developments in West Asia, and the implications of the US Sanctioning Russia and Iran Act, which could impose tariffs on countries, including India, that purchase Russian crude.
Pakistan has welcomed an Indian delegation's visit to Islamabad for a Shanghai Cooperation Organisation (SCO) meeting, marking the first such visit after a significant gap. The visit is seen as a positive step towards regional peace and cooperation, with Pakistan also commenting on other international and domestic issues.
The United States has removed four Indian companies from its sanctions list, which had been accused of supplying advanced technology and equipment to Russia's military-industrial complex. The de-listed firms include RRG Engineering Technologies, Lokesh Machines, Galaxy Bearings, and Shaurya Aeronautics, previously sanctioned for exporting dual-use items to Russian entities.
Ukrainian President Volodymyr Zelenskyy addressed the UN General Assembly, accusing Russia of using citizens from over 40 countries, including India, to fight in its war against Ukraine. He urged these nations to prevent their citizens from being drawn into the conflict, highlighting that Ukraine has taken prisoners of war from these countries and that many have perished. Zelenskyy also called for limiting trade with Russia to cut off its war funding and criticised the weakening of sanctions.
Iranian President Masoud Pezeshkian urged BRICS nations to expand trade in national currencies and build an inclusive global economic framework. He criticised "unilateral sanctions" by Western powers, stating they make emerging economies vulnerable and impact global food security. Pezeshkian emphasised BRICS' role in creating a balanced world order and highlighted Iran's geopolitical and energy capacities for cooperation.
Global smart logistics provider DP World has confirmed its title sponsorship of the DP World India Championship will continue until 2035. This extension, part of a larger partnership, highlights India's growing importance in elite golf and as a strategic market for DP World, aiming to foster the next generation of Indian golfers.
'If you listen to a rowdy in a class, he will keep on bullying you.' 'India can say do whatever you want. We will not compromise on anything.'
The United States has announced new sanctions targeting Iran's 'shadow oil economy,' accusing Tehran of using illicit oil revenues to fund the Islamic Revolutionary Guard Corps (IRGC) and its regional activities.
US Secretary of State Marco Rubio stated he does not believe India and Iran are pursuing a trade deal, despite a recent meeting between their leaders. He acknowledged that many countries engage with the Iranian regime but reiterated President Trump's warning against helping Iran evade sanctions, threatening penalties for nations that do so.
US President Donald Trump has shared a map on Truth Social showing the Strait of Hormuz labelled as "Trump Strait".
A special PMLA court in Mumbai has allowed the monetisation of attached assets worth over Rs 3,400 crore in the National Spot Exchange Limited (NSEL)-linked payment default case. This decision paves the way for the restitution of funds to thousands of investors who have been awaiting recovery for 13 years since the 2013 payment default.
A special PMLA court in Mumbai has allowed the monetisation of attached assets worth over Rs 3,400 crore in the National Spot Exchange Limited (NSEL)-linked money laundering case. This decision paves the way for the restitution of funds to thousands of investors who have been awaiting recovery for 13 years since the 2013 payment default. Up to Rs 1,950 crore from the monetisation will be paid to 63 Moons Technologies Ltd for specified creditors.
Trinamool Congress leader Saket Gokhale has accused the Election Commission of India (ECI) of withholding details about the software and algorithm used for the Special Intensive Revision (SIR) of electoral rolls. Citing an RTI response, Gokhale highlighted the ECI's claim that the information relates to "commercial confidence, trade secrets and intellectual property matters," raising concerns about transparency in the electoral process.
The BRICS grouping adopted a consensus joint declaration in New Delhi, successfully navigating differences on the West Asia conflict but notably omitting any direct mention of US strikes on Iran or Iranian military attacks on Gulf Arab nations. The declaration also criticised Israel's actions in Gaza and called for a concerted approach against terrorism.
