Donald Trump’s threat to impose secondary sanctions on countries buying Russian oil is probably more symbolic than practical, leading oil analyst and senior fellow at the Carnegie Russia Eurasia Center,

Yermak said the threat of secondary sanctions would have a major impact, particularly on Russia’s largest energy buyers—China and India. He argued that such sanctions would force those countries to push the Kremlin toward a peace deal with Ukraine to avoid a damaging trade war with the United States.

U.S. President Donald Trump's threat to choke off Russia’s oil revenue via secondary sanctions would deal a hammer blow to Moscow's finances, but markets are betting that the risk of higher energy prices will keep Washington from following through.

President Trump’s sweeping tax and spending bill cut clean energy tax credits despite a big push from the solar and wind industries.

India is not concerned with the proposed secondary sanctions on Russian oil and will meet its oil demands through alternative sources, Petroleum Minister Hardeep Singh Puri said on Thursday, according to a Reuters report.

Oil prices dropped by less than 1% on Tuesday after U.S. President Donald Trump's 50-day deadline for Russia to end the war in Ukraine and avoid sanctions eased concerns about any immediate supply disruption.

Oil prices traded within a narrow range as investors assessed U.S. demand signals and monitored global trade developments.

India's Oil Minister Hardeep Singh Puri asserts the nation's readiness to handle potential disruptions in Russian oil imports, even with possible sanctions from the US and NATO. Alternative suppliers like Guyana,

Oil prices edged lower on Tuesday after U.S. President Donald Trump's 50-day deadline for Russia to end the Ukraine war and avoid sanctions eased concerns about any immediate supply disruption. Brent crude futures were down 15 cents at $69.

President Donald Trump said he would send letters to more than 150 countries notifying them their tariff rates could be 10% or 15% as he forges ahead with his trade agenda.