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

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

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

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

The disruption impacted strategically important oil shipping routes through Hormuz.