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economicAug 12, 2026

Trump, Modi will ‘work out’ Russian oil tariff issue, says US adviser Peter Navarro

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Trump, Modi will ‘work out’ Russian oil tariff issue, says US adviser Peter Navarro

Source: currentsapi-gapfill — Read the full report

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  • currentsapi-gapfill(Mixed)By DNA Web Desk

    WORLD The legislation empowers the US president to enforce tariffs of up to 100% on goods imported from the top five purchasers of Russian oil or natural gas. India remains one of the largest buyers of Russian crude globally, alongside China. US Presidential Counsellor Peter Nava…

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Iran’s Islamic Revolutionary Guard Corps Navy reported late Saturday that two oil tankers were burning after striking naval mines in and near the Strait of Hormuz. The IRGC stated that the vessels had switched off their navigation and positioning systems and attempted to use an unauthorized route.

The group accused both ships of multiple violations, specifying that one was hit east of the strait and the other inside it.

Location: Strait of Hormuz