$OM #TrumpVsMusk
In a bold geopolitical move, the US has announced plans to slap a 500% tariff on Russian oil routed through third countries, targeting major buyers like India and China. This move aims to tighten the economic noose around Moscow amid the ongoing conflict in Ukraine. For India, which continues to import discounted Russian crude, the tariffs could significantly alter trade dynamics and raise import costs. Experts warn of potential fuel price hikes and diplomatic recalibrations. While India hasn’t reacted officially yet, the development signals rising economic pressure and shifting energy alliances #BTCPrediction
Source: Hindustan Times