New Delhi, Feb. 12 -- Crude oil prices will remain unaffected by US President Donald Trump tariff threats, according to Chairman of Indian Oil Corporation Ltd (IOCL), A S Sawhney.
In an exclusive conversation with ANI on the sidelines of India Energy Week 2025, Sawhney however, noted that potential trade restrictions could disrupt supply chains, logistics, and trade routes.
He mentioned that the tariff affect will not work in crude prices because if the U.S. imposes tariffs on crude imports from say Mexico, American refiners would seek alternative suppliers, while Mexican oil would be redirected to other markets.
He said "There could be disruptions in supply chains, logistics, and trade routes. If the U.S. imposes restrictions on crude...
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