India Diversifies Oil Imports Amid Hormuz Disruption
Indian refiners are sourcing crude from Latin America and Africa to offset supply disruptions caused by the Israeli-U.S. conflict with Iran affecting the Strait of Hormuz. April imports remained stable at 4.57 million barrels per day, though down year-over-year.
Topics: African oil imports India Latin American oil imports Strait of Hormuz closure U.S.-Israeli conflict with Iran