U.S., Russia, India In Oil Tariff Triangle—Who Wins?
For India, the key question is are energy savings from buying Russian oil worth the costs of tariffs and trade losses threatened by the U.S.
For India, the key question is are energy savings from buying Russian oil worth the costs of tariffs and trade losses threatened by the U.S.
German Chancellor Friedrich Merz called the results a “disaster” for his center-right party.
The U.S. naval blockade on Iran is already crushing its economy, and efforts to divert shipments over land are not providing much relief. Before the war, more than 80% of Iran’s trade tonnage transited by sea via southern ports, but that’s been closed off. U.S. Central Command said Sunday, it has redirected 109 commercial vessels…