Chinese refiners are reducing Saudi oil orders, hinting at a shift towards Russian crude due to its competitive pricing. While China defends its Russian oil imports as legitimate, the US has pressured India with tariffs over similar purchases.

US President Donald Trump has stated that America's steep tariffs on India over its import of Russian oil have dealt a "big blow" to Moscow's economy, which he said was not performing well.

Ahead of his upcoming meeting with Russian President Vladimir Putin in Alaska next week, US President Donald Trump on Monday said that American tariffs targeting India’s purchase of Russian oil have dealt a “big blow” to Russia’s struggling economy.

US President Donald Trump is weighing tariffs on China over its imports of Russian oil, Vice President JD Vance said, noting no final decision has been made. The move, similar to recent tariffs on India,