We are following the discussions regarding a peace deal between Russia and Ukraine, and what the negotiations might mean for global energy markets.

New Delhi’s imports of oil from Russia had jumped from less than 1% before the war to 42%, claimed United States Treasury Secretary Scott Bessent.

With contradictory statements from US Treasury Secretary Scott Bessent and Secretary of State Marco Rubio, the rationale of slapping 50% tariffs on India but not on China —also a buyer of Russian oil— is under question.

Russia on Wednesday said “India matters very much” for Moscow, in a display of upswing in ties amid threats of tariffs by US President Donald Trump, who has imposed levies on New Delhi for Russian oil purchase.