India Diversifies Oil Imports, Leans On Russia And Africa As Middle East Flows Falter

India has intensified efforts to secure crude oil supplies as Middle Eastern flows have dwindled following the crisis triggered by US and Israeli strikes on Iran.Traditionally reliant on the Strait of Hormuz for nearly half of its imports, India has faced a sharp disruption in traffic through the waterway since late February.Analysts have warned that India’s modest reserves, compared with larger
India has intensified efforts to secure crude oil supplies as Middle Eastern flows have dwindled following the crisis triggered by US and Israeli strikes on Iran.Traditionally reliant on the Strait of Hormuz for nearly half of its imports, India has faced a sharp disruption in traffic through the waterway since late February.Analysts have warned that India’s modest reserves, compared with larger
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