Eyes of the India

India, Brazil Strengthen Oil Trade Amid US Tariff Pressures Amid escalating trade tensions with the United States, India and Brazil are drawing closer in the energy sector, with a particular focus on crude oil trade. Both nations have been hit by 50 per cent tariffs imposed by US President Donald Trump, who has intensified his protectionist stance by targeting major economies, including New Delhi and Brasília. Brazil’s crude oil exports to India have surged significantly in the first half of 2025, marking the fastest growth among all India’s oil suppliers, according to data from S&P Global Commodity Insights (SPGCI). This trend has continued into the latter half of the year, as Indian refiners accelerate efforts to diversify their supply sources in response to the increasing weaponisation of trade tariffs. “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 n...