Trump’s U-turn: First warning, now appeal to India to buy Russian oil; Know what is America’s compulsion?

Washington/New Delhi. America’s double standards have once again been exposed on the stage of global politics. Donald Trump, who till yesterday had threatened India with tariffs and restrictions on buying Russian oil, is now himself opening the ‘way’ for India to buy oil. Trump administration asked India to buy crude oil from Russia 30 days temporary exemption Has announced to give. Experts say that this is not generosity, but the result of America’s failing ‘oil diplomacy’, which has itself pushed America on the backfoot.

Trump’s U-turn: Compulsion to reduce pressure?

A day after US Treasury Secretary Scott Besant’s announcement, Donald Trump clarified that the US Treasury Department will allow Indian refineries to buy oil from Russia. Trump said, “I’m just doing it to ease the growing pressure on the global energy market. We have plenty of oil.” However, the real reason behind this is the ongoing fierce war in West Asia (Middle East). Ninth day of ongoing war between Iran, Israel and America Strait of Hormuz Due to the closure, the world has faced a deep oil crisis.

Gulf of Hormuz closed: Crude oil crosses $92

Closing the Strait of Hormuz means cutting off the world’s lifeline. About 90% of global LNG passes through here. Qatar has stopped production and Saudi Arabia’s ‘Ras Tanura’ factory has closed. Iraq has also reduced production by 1.5 million barrels per day. These circumstances increased the prices of crude oil by 10-15%. $92 per barrel Has reached till. India is among the most affected countries along with China, Japan and South Korea.

Russia also showed its colors, economic crisis increased for India

Due to this decision of America, India’s problems seem to be increasing instead of decreasing. As soon as America hinted at relaxation, Russian exporters took advantage of the opportunity and increased crude oil prices further. from russia Urals Oil has now become costlier than the international rate. This is a big economic problem for India because the cheap Russian oil which helped in handling the economy after Corona, is now available at a ‘premium rate’. Due to this, there has been huge pressure on the prices of petrol and diesel in the domestic market and the Indian rupee.

America’s new bet

Treasury Secretary Scott Besant wrote on Twitter that India is an important ally of America and he hopes that India will increase the purchase of American oil in the future. Experts are considering this as a well-planned move by America. America wants global supply to remain intact so that prices do not rise further, but in this whole turmoil, countries like India are having to bear the loss, who will now have to spend more foreign exchange for expensive crude oil.