Hormuz disruptions: India’s crude oil imports from Russia remain near all-time high in July despite no sanctions waiver from US
India's crude oil imports from Russia averaged ~2.45 million barrels per day in July 2026, near the all-time high of 2.64 million bpd in June.
The Donald Trump administration did not extend a sanctions waiver for India, yet Russian crude imports remain high.
Russia has been India's largest crude oil supplier since the US-Iran conflict began, with ~300 million barrels shipped in 4.5 months.
UAE and Saudi Arabia are the second and third largest suppliers, respectively, maintaining supply via alternative routes despite Strait of Hormuz closure.
Industry experts describe India's procurement strategy as flexible and well-diversified, successfully mitigating Middle East supply disruptions.
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