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India's Russian crude oil imports hold near record highs amid Hormuz tensions

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India's crude oil imports from Russia have averaged approximately 2.45 million barrels per day in July, remaining close to all-time high levels. This comes amid ongoing tensions between the US and Iran that have raised concerns about potential disruptions in the Strait of Hormuz. Industry experts note that India's procurement behavior during this period reflects a flexible and well-diversified oil sourcing strategy. The country's continued reliance on Russian crude suggests it has been insulated from the worst effects of regional geopolitical uncertainty.

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