US Tariff Threats: 'India has a Hobson's choice' on Russian crude
In this India First panel discussion, former NSDC CEO Jayant Krishna, former US Assistant Secretary Raymond Vickery Jr., and Sandip Unnithan analyse the ramifications of potential US tariffs on Indian crude oil imports from Russia. Jayant Krishna noted that 'India has a Hobson's choice' given the closure of key shipping routes through the Strait of Hormuz and supply disruptions from other regional suppliers. The discussion outlines how energy demand and rising global oil prices compel India to prioritise economic stability and national interest, while exploring the wider repercussions for bilateral trade agreements and strategic ties between New Delhi and Washington.
