India's March crude imports slide on Iran war, Russian volumes hit record high, data shows

Wait 5 sec.

India's crude oil imports saw a significant drop in March. Shipments from the Middle East were severely impacted by conflict, leading to a halt in transit through the Strait of Hormuz. To compensate, India increased its reliance on Russian oil. This shift altered the country's top oil suppliers, with Russia remaining dominant and Saudi Arabia rising to second place.