New Delhi
US President Donald Trump is pressurizing Russia in every way over Ukraine and Russia War. Right now they have deployed two nuclear sub -sobbies near Russia, which has increased tension between the two countries. At the same time, he announced tariffs and fine on India, because India is buying raw oil and weapons from Russia and Trump wants India to shut down the import from Russia.
Not only this, Trump is going to impose a business ban on Russia. Experts say that the ban by Trump on Russia can accelerate the price of crude oil. This price can reach $ 120 per barrel.
Oil Market Experts said that the warnings given to Russia by Trump over the increasing geo-political tension, especially the Ukraine war, can shock the oil supply, which will show the effect in the Longoterm.
What will be the crude oil price in September-October?
Commodities and CRM chief in Ventura, NS Ramaswamy said that the Brent oil price is $ 76 per barrel target by October 2025, which can reach $ 82 by the end of 2025, except for a huge decline below the support level of $ 69. WTI crude can increase from $ 69.65 to $ 76-79 by September 2025.
The expert said that this concern was born by Trump’s new sanctions and 100 per cent tariff announcement on countries continuing business with Russia. In such a situation, countries that buy Russian oil can be directly affected.
What will happen to IndiaSu?
Senior Energy Expert Narendra Taneja said that Russia exports 50 million barrels of oil every day in Global Economy. If this outflow breaks, the price of crude oil can reach $ 100 to 120 per barrel. Since India imports 35 to 40 percent oil from Russia, India will also be affected by the increase in prices. He said that due to supply from more than 40 countries, India will not have to face a decrease in supply, but the consumer price may increase.
India’s refinery companies are dependent on concessional Russian oil, which has helped to balance domestic inflation from 2022. If these companies of India imports even after the ban, then you can face fine and high tariffs, which can make many things expensive.
What things can be expensive?
First of all, the effect will appear on the prices of petrol-diesel and LPG.
Vegetables, fruits, milk, and food items can also be expensive, because the price of crude oil will also increase the transport cost.
Increase in input costs in plastic, chemical, cement, steel, and other industries will affect conversion, electronics and textile industry.
Bus, truck, auto and taxi fare may increase and e-commerce delivery can also be expensive.
Experts claim that there has already been a problem of raw oil production in the global market, due to which inflation has increased in many countries. From above, these restrictions can increase prices further. It is estimated that raw oil prices may rise by 2026.
