India is the world’s third-largest consumer of crude oil and depends on imports to meet around 88 per cent of its requirement of the commodity.

Pakistan’s proven oil and gas reserves are minimal, and the country relies on imports from West Asia for about 85% of its energy needs

US President Donald Trump announced a slew of new tariffs on at least 85 countries, including the ones he has made a trade deal with, hours before the August 1 deadline.