India Refiners to Trim Russia Oil Buying as Trump Sows Confusion

India’s oil refiners said they expect to reduce — not stop — the purchase of Russian crude following remarks by Donald Trump that the South Asian nation would halt all buying, but are awaiting clarification on the situation from the government in New Delhi.

The US President told reporters in the White House that India’s prime minister Narendra Modi vowed to halt purchases, something that would put a significant squeeze on the Kremlin and its access to petrodollars if it materializes. India didn’t officially confirm or deny Trump’s remarks. A spokesman for the country’s foreign affairs ministry said that, to ...