India's crude shuffle: How Hormuz chokehold rerouted oil imports from Gulf to Russia
India's crude oil imports have significantly dropped in March due to disruptions in the Strait of Hormuz, forcing refiners to pivot towards Russia and African producers. Russia has emerged as the largest supplier, nearly doubling its shipments, while African nations like Angola have also increased their exports to compensate for reduced Middle Eastern supplies.
India's crude oil imports have significantly dropped in March due to disruptions in the Strait of Hormuz, forcing refiners to pivot towards Russia and African producers. Russia has emerged as the largest supplier, nearly doubling its shipments, while African nations like Angola have also increased their exports to compensate for reduced Middle Eastern supplies.
