India has also come under Trump’s fire as a member of intergovernmental grouping BRICS, which is led by U.S.-sanctioned countries Russia, China and Iran, as well as Brazil and South Africa. Trump threatened an additional 10% tariff on BRICS members, which he said were aligning themselves against the U.S.

Indian Oil Corp (IOC) , the country's top refiner, has bought 7 million barrels of September-arrival crude from the United States, Canada and the Middle East via a tender, several trade sources said on Monday.