India prioritizes energy security despite US tariff threat

…law does not automatically trigger the tariffs. Asked whether India would continue buying Russian crude in the face of the US action, Sitharaman said energy security would be the government’s primary consideration. “ We will choose to source our energy requirement from every corner of the world and that which suits us, suits not for anything else but for the availability, ” she said. Pointing to disruptions in global oil supplies following attacks involving Saudi Arabia and other Gulf-linked refineries, she said India’s decision could not be viewed simply as a choice between Russian and…

…switch suppliers. In this regard, Dimon pointed out that if markets don't buy oil at one place, they have to buy it elsewhere. "It might not be the right kind of oil for those refineries," he added. He further stated, “ I think hopefully America will sit down and understand all those issues and, you know, not end up punishing India and the world oil markets while doing what we need to do to combat Russia. ” Dimon said the focus should be on helping Ukraine more, noting that there are "multiple ways" to do so. "This (sanctions) might be one small way, but I'm not sure we should be putting any kind of tariffs on oil. We…