India's crude oil and LNG imports rose in May, but costs soared, resulting in an elevated import bill.

India's trade deficit saw a slight reduction in May. A recent US-Iran agreement is bringing welcome relief. This deal is expected to stabilize shipping through the Strait of…

India's crude oil and LNG imports rose in May, but costs soared, resulting in an elevated import bill.

India's oil and LNG imports recovered in May, but soaring energy prices drove the country's import bill sharply higher, increasing pressure on trade balances and the broader…