‘Highest in two years’: India increases oil imports from Russia, US amidst Iran-Israel war; why it’s about strategic positioning, not panic

Amidst Iran-Israel tensions, India has significantly increased its Russian oil imports, surpassing combined purchases from Saudi Arabia and Iraq. This shift, driven by discounted prices, sees Russian oil constituting a substantial portion of India’s crude imports.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top