India Boosts Russian Oil Imports Amid Strait of Hormuz Disruptions
Due to disruptions in oil flows through the Strait of Hormuz caused by West Asia conflict, India and public sector refiners are considering increasing Russian crude imports to ensure supply continuity. India had recently cut Russian oil purchases during US trade talks but now faces potential shortages from suspended Hormuz shipments. Abundant Russian supplies offer a buffer against global energy market volatility. The impact on India hinges on disruption duration, with experts deeming prolonged blockades unlikely. Domestic fuel prices could rise if shortages persist.
Try the question
Which strait is central to the recent oil supply disruptions affecting India's imports?
Answer: (b) Strait of Hormuz
The correct answer is (b) Strait of Hormuz.