Stocks Remain Unsteady on Wall Street Amid Trade Disputes and Corporate Profit Reports

Updated 16 October 2025 09:20 AM

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Stocks Remain Unsteady on Wall Street Amid Trade Disputes and Corporate Profit Reports

Washington, Oct 16 (AP) US President Donald Trump said on Wednesday that Indian Prime Minister Narendra Modi personally assured him that his country would stop buying Russian oil.

The change, which has not been confirmed by the Indian government, would boost Trump's efforts to pressure Moscow to negotiate an end to the war in Ukraine.

"There will be no oil. He's not buying oil," Trump said. The change will not take immediately, he said, but "within a short period of time".

The Indian embassy in Washington did not immediately respond to a request for comment.

Trump has been frustrated by his inability to force an end to the war in Ukraine, which began with Russia's invasion almost four years ago. He has expressed dissatisfaction with Russian President Vladimir Putin, whom he increasingly describes as the primary obstacle to a resolution, and he is scheduled to meet with Ukrainian President Volodymyr Zelenskyy on Friday.

India is the second biggest purchaser of Russian oil, after China, and Trump punished India with higher tariffs in August.

This report includes content sourced from Press Trust of India (PTI), edited for clarity and context.

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