India to Increase Crude Oil Purchases from Russia Again, Only 25 Days of Oil Reserves Left

The Israel-Iran conflict has disrupted key import routes, leaving India with critically low crude oil reserves of just 25 days. In response, the Indian government plans to increase oil purchases from Russia and seek new suppliers. This strategic shift in procurement, driven by geopolitical tensions in the Middle East, is likely to impact global oil prices and alter international energy trade flows.