Oil imports to India from the Persian Gulf countries, for the first time since the beginning of the conflict between the United States and Iran, exceeded the supply from Russia, reports Bloomberg. This month crude oil purchases from the Middle East reached 2.1 million barrels per day, while Russian supplies amounted to 1.8 million barrels. The return of Indian refiners to traditional counterparties is due to the restoration of shipping through the Strait of Hormuz and competitive prices, while Russian oil has become more expensive due to higher transport costs and longer routes.

Oil imports to India from the Persian Gulf countries, for the first time since the beginning of the conflict between the United States and Iran, exceeded the supply from Russia, reports Bloomberg. This month crude oil purchases from the Middle East reached 2.1 million barrels per day, while Russian supplies amounted to 1.8 million barrels. The return of Indian refiners to traditional counterparties is due to the restoration of shipping through the Strait of Hormuz and competitive prices, while Russian oil has become more expensive due to higher transport costs and longer routes.