Hormuz disruptions: India’s crude oil imports from Russia remain near all-time high
India continues to import record levels of crude oil from Russia despite geopolitical tensions and the lack of US sanctions waivers. Russia remains India's primary supplier, while Middle Eastern nations like the UAE and Saudi Arabia maintain supply resilience through alternative routes.
Why it matters
India's energy security strategy highlights the complexities of global oil markets and the impact of regional conflicts on international trade routes.
India’s crude oil imports from Russia continue to be near record highs in July, despite the Donald Trump administration not extending a sanctions waiver. Amid the ongoing US-Iran conflict, Russia has emerged as the key crude oil supplier for India.Some Middle East countries such as the United Arab Emirates (UAE) and Saudi Arabia continue to show supply resilience through alternative routes due to the Strait of Hormuz closure.India’s top crude oil suppliersAccording to Kpler, a global real-time data and analytics provider, India’s crude oil imports from Russia in July so far have averaged at around 2.45 million barrels per day.
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