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India Seeks Alternative Oil Sources as US Pressure Mounts on Russia and Iran

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India faces potential disruptions to its crude oil supply as US sanctions threaten imports from both Russia and Iran. Russia currently accounts for over 50% of India's crude oil basket, a share that grew amid the Middle East crisis. Secondary sanctions could force India to drastically reduce Iranian oil purchases, while tariffs of up to 100% could make Russian crude imports unviable. With two of its major suppliers under pressure, India is exploring alternative sources, including Venezuela, to fill the potential gap. The situation underscores India's vulnerability to geopolitical shifts affecting its energy security.

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India Seeks Alternative Oil Sources as US Pressure Mounts on Russia and Iran · ShortSingh