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Hormuz oil shock sends India back to Russia: Is this a peak or the new normal?

Posted on July 1, 2026 by emergeadmin

Russia has emerged as the dominant supplier of crude oil for India – with imports touching over 240 million barrels in the four months since the US-Iran conflict began. In fact, crude imports from Russia are over 4 times the nearest supplier – UAE at over 58 million barrels.

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