Recent geopolitical developments are prompting discussions regarding a potential shift in the global oil trade. The United States is considering intensified pressure on India to reduce its reliance on Russian crude oil. This action could impact global oil markets, potentially leading to volatility and adjustments in supply chains. Analysts are examining the implications for China, a significant consumer of Russian oil, and the potential ripple effects across international economies. The focus remains on assessing the potential consequences of this strategic maneuver.
Credits: Finance & economics