New Delhi, Aug. 8 -- The fresh threat of 100 per cent US tariffs on countries buying Russian oil could put significant pressure on the Indian economy, particularly through higher crude prices, inflation and a widening current account deficit, Sachin Gupta, Chief Ratings Officer at CareEdge Ratings, said.

Gupta said that if India is forced to reduce its dependence on Russian crude while the Strait of Hormuz remains disrupted, global oil supplies could come under severe pressure, potentially pushing crude prices beyond USD 100 per barrel. In a worst-case scenario, crude could rise to USD 110-120 per barrel, he said, which could have a significant impact on India's external and domestic economic indicators.

His comments come amid the fresh...