Indian refiners are set to increase oil imports from Russia as discounts on Urals crude have deepened significantly, now reaching $2 to $2.50 per barrel compared to Dated Brent. This comes amid ongoing trade negotiations with the United States, which has imposed a 50% levy on US imports of Indian goods to pressure New Delhi over its Russian oil purchases. Despite this, Indian officials assert that their oil deals are driven by pricing dynamics and are exploring greater energy ties with the US. Additionally, Indian refiners are negotiating term deals with Middle Eastern and African suppliers for 2026, seeking flexible arrangements. This situation underscores India’s strategic balancing act in energy procurement amid geopolitical tensions.