in5points
Developing

What's going on with India Oil Imports Shift

India Oil Imports Shift

Business · 3 reports · 2 sources · Updated 8h ago

The story so far

India Oil Imports Shift

Tracked across 2 sources · Updated 8h ago

Amid Hormuz disruptions, India's Middle East oil imports fell in April-June 2026. India increased purchases from Russia and Latin America, buying $5.14 billion Russian oil in June, aided by a U.S. waiver.

How it unfolded

  1. 13h ago

    India bought $5.14 billion Russian oil in June

  2. 2d ago

    India's Middle East oil imports dip due to Hormuz disruptions

What happened earlier

Latest updates

Latest

Full story →

India Bought $5.14 Billion Russian Oil In June Despite Pressure. Here's Why

in5points
  1. India imported $5.14 billion worth of Russian oil in June.

  2. Indian refiners increased purchases from Russia and Latin America.

  3. Middle East oil imports to India fell sharply during the same period.

  4. India continues to buy Russian oil despite international pressure over Ukraine.

  5. The purchases help India secure cheaper energy while managing trade ties.

Earlier · 21h ago

Full story →

Russia, Latin American suppliers to rescue: India’s Middle East oil imports dip in April-June on Hormuz disruptions

in5points
  1. India's Middle East oil imports fell in April-June due to disruptions in the Strait of Hormuz.

  2. Russia and Latin American suppliers helped fill the gap after the US granted a temporary waiver.

  3. Reduced supplies from Gulf producers were offset by increased imports from Russia.

  4. The disruption impacted strategically important oil shipping routes through Hormuz.