# WTI Reclaims $70 as Trump Targets India Over Russian Oil Ties | Investing.com

> Oil rose modestly after US second-quarter GDP grew at a 3% annualized rate, beating most forecasts. President Trump announced a 25% tariff on Indian goods starting August 1 and threatened secondary sanctions over India's purchases of Russian crude, with WTI near $70.20 and Brent near $73.37.

- Date: 2025-07-31 · published 2025-07-31T12:00:00.000Z
- Category: geopolitics · region US · magnitude medium
- Page: https://feedsoft.ai/events/23934-wti-reclaims-70-as-trump-targets-india-over-russian-oil-ties-investing-com
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Threatened secondary sanctions on Russian crude buyers could tighten global oil supply and raise energy costs for feed producers and transport. Tariffs on India could also affect trade flows in agricultural goods.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-01-23 | [Oil Prices Rebound as Trump’s Iran Armada Rhetoric Revives Supply Fears \| Investing.com](https://feedsoft.ai/events/21232-oil-prices-rebound-as-trump-s-iran-armada-rhetoric-revives-supply-fears.md) | +9.6% | +12.3% |
| WTI | 2025-10-23 | [Putin defiant after Trump sanctions Russian oil companies over Ukraine \| Reuters](https://feedsoft.ai/events/8127-putin-defiant-after-trump-sanctions-russian-oil-companies-over-ukraine-reuters.md) | +3.3% | +1.6% |
| WTI | 2026-05-22 | [Oil Prices Rise as Iran Draws Red Line on Uranium \| Investing.com](https://feedsoft.ai/events/19429-oil-prices-rise-as-iran-draws-red-line-on-uranium-investing-com.md) | -9.1% | -21.6% |
| WTI | 2025-03-31 | [Oil climbs as Trump warns of tariffs on Russian oil buyers and bombing of Iran – ThePrint – ReutersFeed](https://feedsoft.ai/events/25756-oil-climbs-as-trump-warns-of-tariffs-on-russian-oil-buyers-and-bombing-of-iran.md) | -10.5% | -9.7% |
| WTI | 2020-04-02 | [Oil surges on Trump claim of major Saudi-Russia oil supply deal](https://feedsoft.ai/events/5491-oil-surges-on-trump-claim-of-major-saudi-russia-oil-supply-deal.md) | +23.3% | -2.7% |
| BRENT | 2026-01-23 | [Oil Prices Rebound as Trump’s Iran Armada Rhetoric Revives Supply Fears \| Investing.com](https://feedsoft.ai/events/21232-oil-prices-rebound-as-trump-s-iran-armada-rhetoric-revives-supply-fears.md) | +9.4% | +11.8% |
| BRENT | 2025-10-23 | [Putin defiant after Trump sanctions Russian oil companies over Ukraine \| Reuters](https://feedsoft.ai/events/8127-putin-defiant-after-trump-sanctions-russian-oil-companies-over-ukraine-reuters.md) | +4.1% | +1.9% |
| BRENT | 2026-05-22 | [Oil Prices Rise as Iran Draws Red Line on Uranium \| Investing.com](https://feedsoft.ai/events/19429-oil-prices-rise-as-iran-draws-red-line-on-uranium-investing-com.md) | -11.3% | -23.1% |

## Sources

- investing.com: https://www.investing.com/analysis/wti-reclaims-70-as-trump-targets-india-over-russian-oil-ties-200664615

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.