India's Oil Minister Hardeep Singh Puri asserts the nation's readiness to handle potential disruptions in Russian oil imports, even with possible sanctions from the US and NATO. Alternative suppliers like Guyana,

Shares of energy companies fell alongside oil futures as the likelihood of rate cuts and of U.S. sanctions on Russia in the near term shrank.

Market fears of supply disruption eased after President Trump’s threat of tariffs on Russian oil was largely dismissed.

The president also threatened new measures to increase economic pressure on Russia as he grows more frustrated with Putin.

Now President Donald Trump is betting that his go-to economic weapon — tariffs — can succeed where Ukrainian drones and rockets haven’t, and finally persuade Putin to end his war.

In his call with Ukrainian President Volodymyr Zelensky, Trump was "merely asking a question, not encouraging further killing", the White House told the BBC in a statement.