Geopolitics & tariffs may disrupt trade flows: RIL

Reliance Industries on Thursday issued a cautionary note, saying that the ongoing geopolitical and tariff-related challenges could disrupt trade flows and weigh on the demand-supply situation.

“Continuing geopolitical and tariff-related uncertainties may affect trade flows and demand-supply balance,” the company said in its FY25 annual report. It added that geopolitical tensions and policy uncertainties, including trade tariffs, are causing volatility in global markets, adversely impacting energy demand, resulting in softer prices and narrower margins.