President Trump said he spoke to Indian Prime Minister Modi and reiterated claims that New Delhi would ease its purchases of Russian energy https://t.co/Py3NHGmcwq ...

Hungarian Prime Minister Viktor Orban openly pushes back against US President Donald Trump, digging in his heels over purchases of Russian energy https://t.co/55eT7D8y1U ...

The EU’s top diplomat urged Hungary and other bloc members that still buy Russian energy to end their purchases, even as the Hungarian foreign minister said his country had no plans to do so https://t.co/Zke9xdZC3u ...

Supply and Demand Dynamics - Europe aims to reduce reliance on Russian gas, potentially through increased US LNG imports [2] - Secondary sanctions on Russian energy companies could further curb Russian oil and gas imports, but haven't been implemented [3] - The EU's decision to ban Russian seaborn oil imports was significant, as oil exports are a major source of revenue for Russia [4] Sanctions and Enforcement - Price caps on Russian oil, intended to allow continued flow to countries like India, may have prioritized inflation reduction over reducing Russian revenue [4][9] - Increased sanctions enforcement on Iranian oil, including secondary sanctions on countries like India and China, is possible [5][6][7] - India significantly reduced Iranian oil purchases when secondary sanctions were applied [6] - Some Iranian oil is disguised as oil from other countries, such as Malaysia [6] Policy and Geopolitics - The US was initially concerned about a 3 million barrel a day supply disruption when Europe moved to ban Russian seaborn oil imports [9] - The effectiveness of sanctions depends on consistent enforcement [7][8]