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Trump suggests he may not enforce 25% tariff on India over Russian oil

: Donald Trump has indicated that Washington may not enforce a proposed secondary tariff on India over Russian oil imports, even as New Delhi condemns the steep duties.

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US President Donald Trump has hinted that Washington may not enforce a proposed secondary tariff on India over its purchase of Russian oil, even as New Delhi faces steep duties on its exports.

The remarks came after Trump claimed Russia had lost India as a key oil client following Washington’s tariff announcement, though India has not officially confirmed halting crude imports from Moscow.

Tariff move escalates trade tensions

Earlier this month, Washington imposed an additional 25% duty on Indian goods, later doubling it to 50%, citing India’s continued oil imports from Russia. The new tariffs are scheduled to take effect on August 27. India strongly condemned the move as “unfair, unjustified and unreasonable,” warning that sectors like textiles, marine and leather exports would be hit hard.

Prime Minister Narendra Modi maintained that New Delhi would not yield to economic pressure. India, alongside Brazil, now faces the highest US tariff rate under Trump’s trade measures.

Confusion over India’s oil imports

While a Bloomberg report suggested that Indian state-owned refiners stopped purchasing Russian crude after Washington’s action, Indian Oil Corporation chairman AS Sahney clarified that imports from Russia continue, based on “economic considerations.”

India emerged as Russia’s largest oil customer in 2022 after Western sanctions restricted Moscow’s access to European markets. China and India remain the two largest buyers of Russian crude.

Rising costs if imports shift

According to a State Bank of India report, New Delhi’s oil import bill could rise by USD 9 billion this financial year and USD 12 billion in the next if Russian supplies are halted. Iraq, Saudi Arabia and the UAE may serve as alternative suppliers.

Meanwhile, data firm Kpler Ltd noted that Russia is offering crude at discounted rates to Indian buyers as demand weakens under EU sanctions and US tariff threats.

Trump signals softer stance

Speaking to US media before departing for a high-stakes meeting with Russian President Vladimir Putin in Alaska, Trump said:

“He (Putin) lost an oil client, so to speak, which is India, which was doing about 40 per cent of the oil… And if I did what’s called a secondary sanction, or a secondary tariff, it would be very devastating. If I have to do it, I’ll do it. Maybe I won’t have to do it.”

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USA marks 250 years with Independence Day with nationwide celebrations

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The United States of America is observing its Independence Day on July 4 with celebrations taking place across the country. Public events, parades, concerts, and fireworks have been organized in several cities as Americans mark the nation holiday.

Large gatherings have been reported in cities including Washington D.C., New York, Boston, and Philadelphia, where thousands of people are participating in officials and community-led celebrations. Public parks, streets, and other venues have been prepared to host visitors throughout the day.

Government officials, including US President Donald Trump, extended Independence Day greetings and participated in events celebrating the occasion. Ceremonies honouring military personnel, experts, and first responders have also been held in different parts of he country.

Authorities have stepped up security arrangements at major event locations to manage large crowds. Additional police forces and emergency response teams have been posted, while officials have advised the public to follow safety instructions during the celebrations.

The holiday has also resulted in increased travel activity, with airports, highways, and railway stations experiencing heavy passenger movement. Hotels, restaurants and tourist attractions are seeing a rise in visitors as many people use the long weekend for travel and family gatherings.

Although weather conditions have disrupted a few outdoor events in some areas, most programme are continuing as scheduled. Fireworks displays are expected to take place in the evening at several locations, including major cities known for their annual Independence Day celebrations.

The nation celebrates Independence Day every July 4. It marks the adoption of the Declaration of Independence in 1776, when 13 American colonies became independent from British rule. It is one of the most important national holidays in the United States and is celebrated with parades, fireworks, official ceremonies, and community events across the country.

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Iranian leaders break down in tears during Ayatollah Ali Khamenei’s farewell ceremony

Iranian Parliament Speaker Mohammad Bagher Ghalibaf and Foreign Minister Abbas Araghchi became emotional during Ayatollah Ali Khamenei’s farewell ceremony in Tehran, which was attended by senior Iranian officials and international delegations.

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Iranian Parliament Speaker Mohammad Bagher Ghalibaf and Foreign Minister Abbas Araghchi were overcome with emotion during the farewell ceremony for former Iranian Supreme Leader Ayatollah Ali Khamenei in Tehran on Friday, as the country began official mourning ceremonies for the late leader.

The ceremony took place under extensive security arrangements, with senior Iranian officials and international delegations arriving in the capital to pay their respects.

Tight security in Tehran for farewell ceremonies

Tehran Governor Mohammad Sadegh Motamadian said authorities had implemented the highest level of security for the farewell and funeral events.

He said the gates of Tehran’s Grand Mosalla Prayer Grounds would open to the public at 6 a.m. local time, while urging people to plan their arrival accordingly. Organisers also indicated that the opening time could be advanced depending on the situation.

India among countries represented at ceremony

India was represented at the ceremony by Minister of State for External Affairs Pabitra Margherita and Bihar Governor Lt. Gen. (Retd.) Syed Ata Hasnain.

The Embassy of Iran in India said Indian dignitaries had paid tribute to Ayatollah Ali Khamenei. Images shared by the embassy showed People’s Democratic Party (PDP) president Mehbooba Mufti, Congress leader Salman Khurshid and several other attendees.

Russia also sent a high-level delegation, with Deputy Chairman of Russia’s Security Council Dmitry Medvedev attending the ceremonies in Tehran.

Global leaders attend tribute ceremony

The farewell ceremony at Tehran’s Grand Mosalla was attended by senior Iranian leaders, including President Masoud Pezeshkian, Parliament Speaker Mohammad Bagher Ghalibaf, Judiciary Chief Gholam-Hossein Mohseni Eje’i and Expediency Council Chairman Ayatollah Sadeq Amoli Larijani.

The event also drew heads of state, prime ministers, parliamentary speakers and ministers from several countries. Among those present were Turkmenistan People’s Council Chairman Gurbanguly Berdimuhamedow, Armenia Prime Minister Nikol Pashinyan, Tajikistan President Emomali Rahmon, Pakistan Prime Minister Shehbaz Sharif, Pakistan Army Chief General Asim Munir and Kurdistan Region President Nechirvan Barzani.

Delegations from Iraq, Azerbaijan, Bangladesh, Uzbekistan, Belarus, Kyrgyzstan, Oman, Saudi Arabia, Turkey, Egypt, Nicaragua, Congo and Burkina Faso also attended, alongside representatives from international organisations including the Shanghai Cooperation Council, the D-8 Organisation for Economic Cooperation and the Organisation of Islamic Cooperation.

Iran expected participation from nearly 100 countries

Iranian Foreign Ministry spokesperson Esmaeil Baghaei said before the ceremony that high-level delegations from neighbouring countries, including presidents, prime ministers and parliamentary speakers, would participate.

He added that representatives from around 100 countries, including public figures and members of parliament, were expected to attend. Baghaei also said countries in Europe that had officially supported military action by Israel and the United States against Iran had not been invited.

Funeral ceremonies to continue through the week

Iranian authorities estimate that between 15 and 20 million people could participate in the multi-day mourning events.

According to the announced schedule, the body will lie in state at Tehran’s Grand Mosalla before a funeral procession through Tehran on Monday. Additional ceremonies are planned in Qom, Baghdad, Karbala and Najaf before the burial in Mashhad on July 9.

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Iran warns tankers to follow approved routes in Strait of Hormuz or face action

Iran has directed tankers and commercial vessels transiting the Strait of Hormuz to follow approved navigation routes, warning that violations could trigger a forceful military response amid continuing regional tensions.

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Iran has issued a fresh warning to oil tankers and commercial vessels passing through the Strait of Hormuz, directing them to use navigation routes approved by Iranian authorities and cautioning that any violations could trigger a forceful military response.

The warning was issued by Iran’s Khatam al-Anbiya military command and broadcast by Iranian state media. It comes at a time of heightened regional tensions and as Iran prepares for the state funeral of former Supreme Leader Ayatollah Ali Khamenei, who was killed during the early phase of the conflict in February.

Iran warns against route violations

According to the official statement, vessels transiting the Strait of Hormuz are expected to comply with navigation protocols laid down by the Islamic Republic of Iran.

The military command warned that any deviation from designated routes or failure to follow the prescribed navigation rules would invite an immediate response from Iranian armed forces, potentially putting the safety of the violating vessels at risk.

Iran also cautioned that any interference by the United States in the strategically important waterway would be met with what it described as a “rapid and decisive reaction.”

Strait of Hormuz remains strategically vital

The Strait of Hormuz, located at the entrance to the Persian Gulf, remains one of the world’s most critical maritime chokepoints. Nearly one-fifth of global oil shipments and a significant portion of liquefied natural gas (LNG) exports pass through the narrow waterway.

Any disruption to shipping in the strait can quickly affect global crude oil prices and raise concerns over international energy security.

Disagreement over navigation continues

Discussions involving regional stakeholders on maritime security in the Strait of Hormuz have continued, but differences remain over who should regulate vessel movement through the passage.

Tehran maintains that ships should adhere to routes approved by Iranian authorities, while the United States and its allies continue to support unrestricted freedom of navigation through international waters.

Energy analysts have warned that any escalation affecting commercial shipping in the Strait of Hormuz could have significant consequences for global oil markets, particularly for countries that rely heavily on crude oil imports, including several major Asian economies.

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