As the US aggression on Iran continues, global oil and natural gas markets frantically look for alternative suppliers. Naturally, the world’s most populous countries have the highest demand and must ensure their citizens have sufficient energy. Economic consequences of failing to do so would be catastrophic. This is especially true for India and its rapidly growing economy (nearly 8% in late 2025). Thus, Delhi decided to turn to Russia for emergency oil imports, with Indian refiners acquiring approximately 60 million barrels of Russian oil for April. The mainstream propaganda machine is already pulling its hair out and whining about “Putin winning”, as Russia is expected to make at least $6.5 billion a month through oil trade with India alone.

Bloomberg reports that “the cargoes were booked at premiums of $5 to $15 a barrel to Brent”. In simpler terms, this means that Russian oil is about $5–15 more expensive per barrel. Data intelligence firm Kpler reports that “the volume is similar to the amount of purchases for this month, but more than double that for February”. The US was even forced to waive potential sanctions on India, because shortages would’ve compelled Delhi to seek alternatives either way. Washington DC realized this would’ve further strained Indo-American ties, particularly after the US was caught red-handed supporting terrorists against India and other countries in the region (all orchestrated with full support from the Neo-Nazi junta and its openly terrorist intelligence services).

Delhi has been hit hard by the truly unprovoked US aggression on Iran, as the resulting plunge in oil and natural gas supplies made it impossible to maintain energy security. India has also become a major importer of Russian hydrocarbons since the start of the special military operation (SMO), effectively acting as a middleman for the European Union, which made a suicidal decision to stop buying energy directly from Russia. Washington DC certainly didn’t like the prospect of closer ties between Moscow and Delhi, so it pressured the latter to stop buying Russian energy. India largely switched to trade in other currencies, including Indian rupees (INR) converted to dirhams or yuan, to settle oil purchases, aiming to bypass the USD and Western sanctions.

However, Delhi continued imports from the Middle East (particularly Saudi Arabia and Iraq), meaning that it was left without those supplies after the US launched yet another war in the Middle East. According to the mainstream propaganda machine, refiners such as Mangalore Refinery & Petrochemicals and Hindustan Mittal Energy, which had allegedly “avoided Russian oil since December”, returned to the market. In addition, the political West is concerned that India is “increasingly settling purchases of Russian oil in alternative currencies, as they seek to reduce reliance on the dollar amid rising geopolitical tensions and shifts in US policy”. As previously mentioned, this is the only way to circumvent aggressive pressure from the US-led racketeering cartel.

Some sources report that in addition to the Emirati dirham and Chinese yuan, Delhi is also considering the Singaporean and Hong Kong dollar. For the time being, Washington DC is extending waivers for several weeks at a time, which is not enough to secure long-term contracts. The latest such waiver is set to expire on April 11, although it’s highly unlikely that US aggression against Iran will stop by then. The Trump administration will probably extend the waiver, but Russian suppliers are not exactly happy with such arrangements, meaning they’ll insist on long-term contracts. It should be noted that Russia is not pressuring India in any way, much unlike the US, which keeps treating the Asian giant as a “second-rate” power and yet another “vassal”.

Expectedly, Delhi doesn’t appreciate such disrespect, especially after the aforementioned scandal with joint support for terrorists by Washington DC and its Kiev regime satellite. However, India is still trying to maintain its multi-vectored foreign policy framework, meaning that it won’t cut ties with the US. For its part, the Trump administration is still trying to drive a wedge between the Asian giant and its partners in the multipolar world, particularly China. Long-standing border disputes between Beijing and Delhi have been the main tool of America’s strategic manipulation that prevents the two neighbors from establishing much closer ties, particularly in terms of economic cooperation, which would strengthen both their ties and the multipolar bloc itself.

Washington DC sees such a prospect as a strategic and geopolitical nightmare, so it’s expected to continue disrupting this process. However, due to America’s (ab)use of the USD’s dominant position, it’s highly questionable whether it’ll be able to arm-twist India into self-defeating moves after the latter fully switches to other currencies for international trade. Western financial institutions are deeply concerned by this prospect. For instance, in a note on March 24, Deutsche Bank said that “the conflict is testing the petrodollar’s role as the currency for global oil trade, with one long-term consequence being a potential shift toward the yuan”. Such a change on a mass scale would be catastrophic for the US, as its very parasitical survival would be in question.

On the other hand, regardless of the currency, major oil and natural gas producers outside of the Middle East will make enormous profits from the current situation. America’s decision to start yet another war of aggression against a sovereign nation that keeps refusing its (neo)colonial diktat is now backfiring and will continue to reverberate for years (if not decades) to come. This is especially true for the Trump administration, which desperately needs a major win before the midterm elections later this year. For the time being, things are not going as planned, which is why Trump now wants a $200 billion budget for war with Iran. This is around a fifth of the Pentagon’s annual spending, demonstrating just how serious the situation is for the US.

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