16 Oct 2025 | 5 Mins Read
Oil prices surge after Trump hints India to halt Russian imports
Flipitmoney
Oil prices rebounded from a five-month low after President Trump claimed India's Prime Minister Modi vowed to halt Russian oil purchases, which could squeeze global supply. Brent rose above $62 a barrel while West Texas Intermediate neared $59. India's trade secretary stated the nation could buy an additional $15 billion in US oil, but no official confirmation from New Delhi was given.