By: The Trek News Desk In an effort to ease rising pressure in global energy markets, the United States has temporarily permitted countries to purchase Russian oil that is currently under sanctions. The limited exemption applies only to shipments of Russian crude and petroleum products that are already being transported by sea. U.S. Treasury Secretary…
By: The Trek News Desk Tensions have escalated once again as the Russia-Ukraine war approaches its fourth anniversary. On Sunday, a Ukrainian drone attack triggered a fire at a key Russian port along the Black Sea coast, just days before fresh peace negotiations mediated by the United States are set to begin. Authorities in Russia’s…
By: The Trek News Desk India has logged its steepest monthly drop in Russian crude imports to date, marking a significant shift in its energy sourcing pattern. Fresh data from the Ministry of Commerce and Industry shows that in October 2025, India’s crude imports from Russia fell 38% in value and 31% in volume compared…
By: The Trek News Desk A major oil terminal in the Russian port city of Novorossiysk, strategically located on the Black Sea, was temporarily shut down following a Ukrainian strike on Friday. The attack has disrupted approximately 2% of global oil exports, according to Russian officials and industry sources. Sheskharis Oil Terminal Hit, Large Fire…
By: The Trek News Desk Amid growing frustration over Moscow’s inaction to end the war in Ukraine, U.S. President Donald Trump has imposed new economic sanctions on Russia’s two largest oil companies, Lukoil and Rosneft.This marks the first major sanctions package by Trump since his return to the White House, signalling a tougher stance toward…
By: The Trek News Desk U.S. President Donald Trump has issued a stern warning to India, stating that tariffs on Indian goods will remain “massive” unless the country halts its imports of Russian oil. Speaking aboard Air Force One on Sunday, Trump claimed he had recently spoken with Indian Prime Minister Narendra Modi, who allegedly…
By: The Trek News Desk Congress leader Rahul Gandhi has once again launched a sharp attack on Prime Minister Narendra Modi, alleging that the PM is “afraid of Donald Trump.” This criticism came after US President Donald Trump claimed that India had agreed to stop purchasing oil from Russia, a statement that remains unconfirmed by…
