Trump says Modi assured him India will stop Russian oil purchases, but timeline unclear

Core Points - Indian Prime Minister Narendra Modi has assured U.S. President Donald Trump that India will stop purchasing oil from Russia, although the cessation will take time [2][4] - The U.S. government is concerned about India's continued imports of Russian crude, as it supports Russia's military actions in Ukraine [2][3] - The halt in oil purchases from Russia is expected to facilitate efforts to end the war in Ukraine, according to Trump [4] Oil Market Impact - Following the announcement, Brent crude futures increased by 0.82% to $62.43 per barrel, while U.S. West Texas Intermediate futures rose by 0.89% to $58.79 [4]