... Such actions have been labeled as manifestations of "double standards." National Interests Above All: India asserts that its priority is to ensure affordable energy prices for its population and economy. Purchasing Russian oil helps curb fuel price increases in the domestic market. The West Trades with the RF: In New Delhi's reminder, EU countries still import gas, petrochemicals, fertilizers, and other resources from Russia, while the U.S. continues to procure certain categories of Russian goods ...

... upward movement. The North Sea Brent blend is close to monthly highs, surpassing the psychologically significant $72 per barrel for the first time since late June. Meanwhile, American WTI is holding steady around $69. Several factors are fueling the price increase: Trade De-escalation Between the U.S. and Allies: A framework agreement between Washington and Brussels has prevented the escalation of trade disputes. The parties agreed on mutual tariff reductions and significantly increased exports of U.S....

... Surpasses $70, Geopolitics Boosts Growth Oil prices continue to trend upwards. The North Sea blend, Brent , approached a two-week high and briefly surpassed the psychologically important level of $70 per barrel. American WTI remains around $66-67. Price increases are fueled by several positive factors: U.S.-EU Trade Truce: The conclusion of a framework agreement between Washington and Brussels helped avoid an escalation of the trade war at the last moment. The parties agreed to mutually lower tariffs ...

... potential for supply disruptions due to escalating sanctions: paradoxically, news of the tariffs imposed by Trump against India pushed oil prices higher, as the market anticipates a redistribution of oil flows and additional supply risks. Nevertheless, the price increase remains limited. One reason is OPEC+'s proactive stance, which has already been priced into the market. The alliance of oil-producing countries previously agreed to increase production starting in September, and expectations of increased volumes ...

... (to ~75,400 rubles per ton) in anticipation of the export ban. Although prices remain close to record levels, signals of governmental intervention have indicated a trend towards stabilization. Diesel fuel, experiencing less shortage, has shown little price increase. Experts note that the further price dynamics will depend on the duration of export restrictions and the effectiveness of other measures. It is likely that administrative measures will help mitigate fuel price increases through August and September....