US-Iran war impact: India’s crude oil imports from Russia are set to hit an all–time high in June, according to data from Kpler, a global real-time data and analytics provider. Russia has been the biggest supplier of crude oil for India for some years now, after Moscow’s war with Ukraine made Russian crude lucrative for New Delhi.

US-Iran war impact: India’s crude oil imports from Russia are set to hit an all–time high in June, according to data from Kpler, a global real-time data and analytics provider.…

The combination of rising flows via Hormuz and higher Russian exports amid damage to Russian refineries is widening discounts.