‘Highest in two years’: India increases oil imports from Russia, US amidst Iran-Israel war; why it’s about strategic positioning, not panic – Times of India

‘Highest in two years’: India increases oil imports from Russia, US amidst Iran-Israel war; why it’s about strategic positioning, not panic – Times of India

Indian refiners are expected to purchase 2-2.2 million barrels per day of Russian crude oil in June, reaching a two-year peak. (AI image) Iran-Israel conflict impact: India has increased its Russian oil procurement in June, with import volumes surpassing the combined purchases from Saudi Arabia and Iraq, amidst market instability …

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