Recent geopolitical developments are prompting discussions regarding a potential shift in the global oil trade. The United States is considering intensified pressure on India, a key consumer of Russian crude oil. This action could impact global oil markets, potentially leading to increased volatility and price fluctuations. Analysts suggest that such a move could benefit China, as it is a significant consumer of Russian energy resources. The consequences of these actions are being closely monitored by international markets.
Credits: Finance & economics