Amid Gulf tensions, India turns to Russia, US for energy security
With Russian crude oil being available at discounted rates and US shale oil offering flexibility in volumes, New Delhi is building resilience in its energy supply chain
Updated At : 07:18 AM Jun 23, 2025 IST
IN the shadow of escalating tensions between Iran and Israel, India has acted decisively to secure its energy interests. In a pre-emptive measure, Indian refiners ramped up crude oil imports from Russia and the US before the Iranian Parliament approved a measure to close the Strait of Hormuz, a vital chokepoint through which a fifth of the world’s oil passes. June figures suggest that India is set to import 2 to 2.2 million barrels per day (bpd) of Russian crude, the highest in two years, surpassing even combined purchases from traditional West Asian suppliers.
