Hormuz oil shock sends India back to Russia: Is this a peak or the new normal?

Jul 1, 2026 - 16:00
Hormuz oil shock sends India back to Russia: Is this a peak or the new normal?

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Russia has emerged as the dominant supplier of crude oil for India - with imports touching over 240 million barrels in the four months since the US-Iran conflict began. In fact, crude imports from Russia are over 4 times the nearest supplier - UAE at over 58 million barrels.

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