The crude oil market's rather sanguine reaction to the U.S. threats to India over its continued purchases of Russian oil is effectively a bet that very little will actually happen.

India is increasingly under fire from Donald Trump’s tariff policies, and the arrival of sanctioned ships could become another flashpoint with the US

US President Donald Trump's imposition of tariffs on India is both "unfair and unworkable", especially when Europe remains the world's largest importer of Russian energy in dollars and the biggest contributor to Russian revenues,

Oil prices fell in Asian trade on Monday, extending declines of more than 4% last week as investors awaited the outcome of talks between the U.S. and Russia later this week on the war in Ukraine. Brent crude futures fell 62 cents,