Indian Prime Minister Narendra Modi called on the country to buy local goods in response to US threats to impose tariffs. The Modi administration has not instructed Indian refineries to stop buying Russian oil, considering it a commercial decision.
Oil prices fell after OPEC+'s decision to increase production by 547,000 barrels per day in September. However, fears of disruptions to Russian oil supplies to India due to possible US sanctions limited losses.
China stated that it would not change its energy policy under external pressure, responding to US calls to stop purchasing oil from Russia and Iran. The Chinese Ministry of Foreign Affairs emphasized that it would ensure energy supply in accordance with national interests.
Stephen Miller, advisor to the President of the United States of America, accused India of funding Russia's war against Ukraine through oil purchases. He noted that India is effectively linked with China in purchasing Russian oil.
President of Ukraine Volodymyr Zelenskyy announced the application of sanctions against 94 captains and five companies of Russia's "shadow fleet. " These individuals and organizations transported Russian oil circumventing the price cap.
India has not obliged refineries to stop buying Russian oil, despite criticism from Donald Trump. The purchase of crude oil remains a commercial decision for the refineries.
New Zealand is introducing a fee of up to 40 New Zealand dollars for foreign tourists to visit popular sites. This is expected to generate 62 million New Zealand dollars annually, which will be invested in these facilities.
The United States Senate goes on summer recess without passing a bill on sanctions against Russia, which gives Trump the exclusive right to decide on their introduction. Democrats are skeptical about punishing Putin, despite his disappointment.
Cambodia plans to nominate Donald Trump for the Nobel Peace Prize. This is due to his role in ending the conflict between Thailand and Cambodia, which led to a ceasefire.
Indian officials have stated their intention to continue purchasing Russian oil, despite threats of sanctions from US President Donald Trump. India and Russia have a stable and time-tested partnership.
Donald Trump stated that he is aware of India's possible intentions to stop purchasing Russian oil. Indian refineries have already suspended purchases due to reduced discounts.
From August 1, the US maintains a 10% universal tariff but introduces a 15% minimum tariff for countries with a trade deficit. Trump fragmented negotiations, successfully reaching agreements with Europe while continuing pressure on China.
At least four tankers with Russian oil are idling off the coast of India. Indian refineries are refusing Russian oil due to reduced discounts and warnings from the US President.
Oil prices barely changed as fears of tariffs' impact on demand balanced the threat of supply disruption from Russia. Brent and WTI futures rose slightly, but are expected to increase by 4.9% and 6.4% respectively by the end of the week.
Tariffs imposed by US President Donald Trump cost Apple $800 million in the June quarter. The company's projected costs for the September quarter are $1.1 billion.
US President Donald Trump has maintained a basic tariff rate of 10% for countries with a positive trade balance. For 40 countries with a trade deficit with the US, a minimum tariff of 15% has been set, and for Canada, the tariff has increased to 35%.
Indian state-owned oil refining companies have suspended the purchase of Russian oil due to reduced discounts and warnings from the US president. The companies have turned to the spot market, preferring Middle Eastern and African grades.
Dmytro Medvedev responded to Donald Trump's words about "dangerous territory" and the "dead economies" of India and Russia. He ridiculed the US president and hinted at nuclear war.
Global gold demand, including over-the-counter trading, increased by 3% year-on-year to 1248. 8 tonnes in the second quarter of 2025. Gold investments increased by 78%, and spot prices reached a record $3500 per troy ounce.
Donald Trump reacted to Dmitry Medvedev's threats of war with the US, urging him to watch his words. Trump also commented on US relations with India and Russia.
US President Donald Trump signed a decree introducing additional 40% tariffs on Brazil, bringing the total tariff amount to 50%. This is due to the policy of the Brazilian government, which poses a threat to US national security.
Oil prices rose after Donald Trump's statement about introducing measures against Russia and tariff threats to countries trading Russian oil. Brent futures rose to $72.09, and WTI to $69.97.
Donald Trump plans to introduce import duties for countries that buy Russian oil. This will be a new tool to pressure Moscow, which is circumventing sanctions.
US President Donald Trump announced the imposition of 25% tariffs on goods from India, accusing the country of buying Russian weapons and energy. This decision, which will take effect on August 1, also includes an additional penalty.
The owners of three vessels chartered by India's Nayara Energy are asking to terminate their contracts. The decision is related to the impact of new EU sanctions targeting the Russian energy sector.
The US Treasury Secretary warned China about high tariffs on Russian oil, but Beijing declared the protection of energy sovereignty. China remains the largest buyer of Russian oil, despite the threat of sanctions.
On the night of July 28-29, 2022, Russia committed a terrorist act in the Olenivka colony, where about 50 Ukrainian prisoners of war were killed and about 140 were wounded. In Ukraine, July 29 is the Day of Remembrance for Fallen Soldiers of the Special Operations Forces.
US Senator Lindsey Graham stated that Russian President Vladimir Putin was mistaken in his calculations regarding Donald Trump. He emphasized that the Kremlin's inability to negotiate indicates a lack of desire to end the war, and Russia's allies must be held accountable.
More than 90% of environmental defenders and climate activists worldwide have experienced online harassment, most often on Facebook. A Global Witness study found that online attacks often escalate into real-world threats, and Meta's social networks are the primary platforms for such abuse.
Indian police arrested 47-year-old Harshvardhan Jain, who impersonated an ambassador of fictional states, creating fake diplomatic missions. He is suspected of fraud, forgery, and money laundering through fictitious companies, promising jobs abroad.
