Trump Says India Selling Russian Oil For 'Big Profits' In Open Markets, Threatens To 'Substantially' Raise Tariff
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Trump's Tariff Threats: President Trump has threatened to impose substantial tariffs on India for its continued purchase of Russian oil, accusing the country of profiting from the Ukraine conflict while ignoring the resulting casualties.
India's Oil Imports and U.S. Pressure: Despite U.S. pressure, India remains a significant importer of Russian oil, accounting for over one-third of its imports, as trade negotiations between the U.S. and India continue amidst geopolitical tensions.
Analyst Views on IEO
Wall Street analysts forecast IEO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IEO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 94.340
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Current: 94.340
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
