Sky-high US tariffs are prompting India and Brazil to explore opportunities to boost oil trade, as New Delhi looks for alternatives to Russian oil, while Brazil scouts for newer markets for its growing crude output,

India's Russian oil imports declined in July after jumping the previous month as some refiners slowed purchases due to smaller discounts, while Indian fuel demand also typically dips during the monsoon season,

The rapprochement is not about Trump's tariffs, but easing tensions on the disputed Himalayan border, writes Harsh V. Pant.

Oil prices rose this week as Ukraine peace prospects dimmed, U.S. sanctions loomed, and India weighed discounted Russian crude despite tariff threats.

India bought canola oil for delivery in August for the first time in nearly five years, as local prices hit a 3-½-year high, making overseas purchases lucrative, industry officials told Reuters.

India’s state-owned oil refiners are pulling back from purchases of Russian crude for now, according to people with direct knowledge of the companies’ procurement plans, as Washington ratchets up the pressure on New Delhi over the flows with a wave of harsh tariffs.

India gets tariff relief after Trump-Putin Alaska talks as Russia offers oil discounts and assures S-400 delivery in the middle of US sanctions pressure.

The refiners had halted Russian oil imports in July due to narrower discounts and amid criticism from Washington over India’s continued trade with Moscow.