BusinessTimes of India
Hormuz disruptions: India’s crude oil imports from Russia remain near all-time high in July despite no sanctions waiver from US
in5points
India's crude oil imports from Russia in July 2024 averaged 2.45 million barrels per day, near all-time high.
The high imports continue despite no sanctions waiver from the US and rising tensions in the Hormuz Strait.
Industry experts attribute the procurement pattern to India's flexible and diversified sourcing strategy.
The US-Iran conflict has not significantly disrupted India's crude oil supply arrangements.
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Times of India
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India's largest newspaper group by circulation.
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