The move was in line with expectations from economists polled by Reuters, and comes after the Reserve Bank of India delivered an outsized cut of 50 basis points

U.S. President Donald Trump said on Tuesday he would increase the tariff charged on imports from India from the current rate of 25% "very substantially" over the next 24 hours, in view of New Delhi's continued purchases of Russian oil.

The global oil trade is heating up again, but not just because of rising prices. This time, it’s about politics, pressure, and who gets to decide who trades with whom. At the center of it all are the United States,