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U.S. Targets India’s Russian Oil Imports — Could It Backfire?

U.S. Targets India’s Russian Oil Imports — Could It Backfire?

The Trump campaign is reportedly considering new measures to limit India’s purchases of Russian oil, according to Bloomberg.

While the aim is to pressure Moscow financially, experts warn that such a move could strain U.S.-India relations and drive up global oil prices. Rising energy costs could further stoke inflation—potentially increasing investor interest in safe-haven assets like gold.

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