Debasis Mohapatra
Bengaluru, 7 August
Global oil prices remained steady despite the US imposing 25% additional tariff on India owing to purchase of Russian oil. Earlier, the US has imposed 25% tariff on India, taking the total rate to 50%.
Meanwhile, uncertainties around outcome of talks between the US & Russia over Ukraine war weigh on investors’ sentiment. The space for more sanctions on Russian oil also remains open.
Russia is the second biggest producer of crude oil after the US. Any potential deal between the US-Russia could allow Russian exports without any sanction.
| Date | Brent Crude Price |
| 6th August 2025 | $67.75 |
| 5th August 2025 | $68.75 |
| 4th August 2025 | $69.11 |
| 1st August 2025 | $71.83 |
