India to Halt Russian Oil Purchases, Boost US Imports After Trade Deal: White House

• The White House announced India's commitment to stop buying Russian crude oil following a new India-US trade agreement.
• Press Secretary Karoline Leavitt stated India will increase oil imports from the United States and potentially Venezuela.
• The commitment reportedly stemmed from direct talks between US President Donald Trump and Prime Minister Narendra Modi.
• PM Modi also pledged USD 500 billion in investments into the US economy, targeting transportation, energy, and agriculture.
• The trade deal includes a reduction of US reciprocal tariffs on Indian goods from 25% to 18%.

Why It Matters: India commits to ending Russian oil imports and increasing purchases from the US, alongside major US investments.