Indian imports of Russian oil could nearly halve following the White House order, Bloomberg reports citing sources

• Within the order, it stated that India has committed to stop directly or indirectly importing Russian oil or import tariffs will be raised. 

The latest White House order could significantly impact Indian imports of Russian oil, potentially halving them. This development indicates a substantial escalation in sanctions and trade restrictions, influencing global oil supply dynamics and potentially affecting energy prices, including WTI and commodities more broadly. Traders should monitor the implications for energy markets and related currencies, particularly in relation to safe-havens like gold and the USD.