India and China Compete for Russian Oil Amid Regional Tensions
India and China are competing for limited Russian crude oil supplies amid disruptions in the Strait of Hormuz and stalled U.S.-Iran peace talks. Both nations have secured equal amounts of Russian crude in April, with Saudi Arabia favoring China. The competition is intensifying due to reduced oil flows from Gulf countries following Iranian attacks.
Topics: India-China competition Iran-U.S. tensions Russian crude Saudi Arabia Strait of Hormuz