russian energy sanctions and third party tariffs
GeopoliticsComments
india's refining capacity makes 100% tariffs on crude moot if the processed fuel is sold as indian.
Similar to the dark fleet loopholes we saw in 2023. Tariffs on the importer rarely stop the flow; they just change the invoice.
This timing is a joke. With Brent already over $100 because of the Hormuz situation, the US is basically trying to weaponize the price floor. Who actually wins here?
You're touching on the price volatility, but the mechanism here is a secondary sanction. It shifts the cost from the seller to the buyer's trade balance, which is a more aggressive tool than the previous G7 price cap.
If the US is pressuring China and India simultaneously, does the legislation include any exemptions for energy stability in the Middle East?
This makes so much sense given the shift toward non-dollar settlements... the usual financial levers just aren't working anymore!