Despite the trade tensions between America and India … the stability of oil prices

Oil prices stabilized today, Wednesday, after declining in the previous session, as the market is awaiting the impact of imposing new US customs duties on India, in response to its purchases of Russian supplies.

The United States imposes new customs duties of 25% on Indian exports today, Wednesday, at 04:01 GMT, bringing the total fees to 50%, and it is among the highest fees imposed by Washington. Western sanctions prompted Russia to reduce the prices of their shipments, according to Reuters.