Hormuz blockade persists, why India’s Russian oil import is down from highs seen in March
India's imports of Russian oil have significantly decreased from the highs observed in March. This decline is occurring amidst ongoing tensions and blockades in the Hormuz Strait. The situation reflects broader trends in global oil markets and geopolitical dynamics.
- ▪India's Russian oil imports peaked in March but have since declined.
- ▪The Hormuz blockade continues to impact global oil supply chains.
- ▪Geopolitical tensions are influencing India's oil purchasing decisions.
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