LIVE | Strait of Hormuz crisis: Will India turn back to Russia for oil? | The Federal

Описание: As the Iran–Israel conflict disrupts oil flows across the crucial Strait of Hormuz, India faces mounting energy security concerns. With commercial and strategic crude reserves estimated to cover barely two weeks of consumption, policymakers are weighing emergency supply options. According to Bloomberg, state-run refiners and government officials have discussed resuming purchases of Russian crude currently held in floating storage across Asia. Reports also suggest New Delhi may seek flexibility from the United States if sanctions-related hurdles arise. How severe is the oil risk for the world’s third-largest importer? Will India pivot back to Russian supplies? And will Washington allow it amid ongoing geopolitical tensions?

#IndiaOilCrisis #StraitOfHormuz #IranIsraelWar #RussianOil #EnergySecurity #CrudeOil
#GlobalOilMarket

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