Indian state-run refiners Indian Oil and Bharat Petroleum have resumed the purchase of Russian flagship grade Urals for September delivery as discounts widened to about $3 per barrel and as China raised purchases,

White House advisor Peter Navarro criticized India's Russian oil imports in an op-ed after Trump announced new tariffs targeting India and other countries buying Russian energy.

Bessent’s remarks come on the heels of a scathing op-ed by White House adviser Peter Navarro in the Financial Times, accusing India’s energy giants of funneling profits from Russian oil “into Vladimir Putin’s war chest.