For the first time in weeks, Donald Trump failed to cool oil markets, as escalating tensions with Iran crushed ceasefire hopes and reignited bullish momentum. Friday, April 03, 2026 For the first time in many weeks, US President Trump couldn’t contain a late-week price surge as escalating tensions between Washington and Tehran dulled market bears’ expectations of a ceasefire anytime soon. WTI soared this week and is on par with ICE Brent (even if they trade different months), physical benchmarks above $140 per barrel bring back memories…

India's imports of Russian crude oil jumped by 90% in March versus February, following the major supply disruption in the Middle East and the U.S. waiver of purchases of Russian crude already loaded on tankers. Following subdued purchases between November and February, India's imports of Russian crude soared last month by 90%, although overall Indian crude imports slumped by 15% due to the de facto closed Strait of Hormuz, The Times of India reported on Friday, citing data from Kpler. While crude supply to India from Iraq, Saudi Arabia, and the…