The visit that was expected to take place between Aug. 25 and Aug. 29 will likely be rescheduled, NDTV reported, citing people familiar with the matter.

A planned visit by U.S. trade negotiators to New Delhi from August 25-29 has been called off, a source said, delaying talks on a proposed trade agreement and dashing hopes of relief from additional U.

Several rounds of talks on a bilateral trade deal between the U.S.—the world's largest economy—and India, the world's most populous nation and itself a major economic power, have so far failed to yield an agreement.

Oil prices rose on Monday after White House trade adviser Peter Navarro said India's purchases of Russian crude were funding Moscow's war in Ukraine and had to stop.

The dramatic increase in India’s buying of Russian oil since the invasion of Ukraine is “opportunistic and deeply corrosive” of a global effort to isolate the Kremlin and curb Vladimir Putin’s war machine,

"If India wants to be treated as a strategic partner of the U.S., it needs to start acting like one," Navarro wrote in an opinion piece published in the Financial Times. India's Foreign Ministry has previously said the country is being unfairly singled out for buying Russian oil while the United States and European Union continue to purchase goods from Russia.