Record buys from Russia, stocking up on crude: How India is managing its oil supply amid Hormuz closure, US-Iran conflict

Jun 22, 2026 - 15:30
Record buys from Russia, stocking up on crude: How India is managing its oil supply amid Hormuz closure, US-Iran conflict

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While India continues to rely heavily on energy supplies from the Gulf, the crisis has prompted a faster push towards diversification. Higher crude purchases from Russia, Brazil and Venezuela have helped soften the impact on oil imports.

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