India to Trump: Oil Chessing is Heating Upđ€Ż
New Delhiâs message to Washington is blunt:
đ If Russian barrels must go, open the gates for Iranian & Venezuelan crude.
Why?
âą India imports nearly 90% of its oil.
âą Losing Russian supply without alternatives = inflation, energy stress, market panic.
âą U.S. tariffs already biting (25% penalty for Russian crude).
The standoff isnât just about barrels. Itâs about leverage, trade deals, and who blinks first in global energy poker.
My view as a Trader:
This tug-of-war could ripple across commodities, currencies, and risk assets. Oil flows decide inflation â inflation drives central banks â central banks move markets.
Energy isnât just fuel. Itâs the fuse.