India Russian oil imports hit record amid Middle East conflict
India's Russian oil imports hit a record 2.25 million barrels per day in March as Middle East supply fell. Conflict in the Strait of Hormuz disrupted trade.
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India experienced a sharp contraction in crude oil imports during March as regional instability hampered traditional supply chains. Total imports for the nation fell by 13% compared to February, reaching 4.5 million barrels per day (bpd). The decline was largely driven by the ongoing conflict involving Iran and the United States, which has obstructed the Strait of Hormuz.
