Oil prices rose, recovering earlier losses, amid Trump's threats of tariffs on India, which imports crude from Russia.

Oil prices rose on Wednesday, with Brent contracts reaching $68.54/barrel and WTI at $66.08/barrel, in reaction to President Trump's threats of additional tariffs on India over Russian crude imports. Analysts suggest that India could reduce purchases of Russian oil, but a complete halt is unlikely due to the profitability of these imports. International tensions are rising and the war in Ukraine remains a source of uncertainty, weighing on oil prices in the short term.