Indian refiners are delaying purchases of Middle Eastern crude despite the reopening of the Strait of Hormuz, relying instead on ample inventories and alternative supplies led by Russian oil.

India resumes oil imports from the Middle East as Hormuz reopens. WTI crude at $70 in June priced at 42% YES.

India's state-run refiners have secured enough crude for two months. They are not rushing to buy from the Middle East even if the Strait of Hormuz reopens. Suppliers have asked…

Indian refiners are prioritizing alternative crude sources over West Asia despite the reopening of the Strait of Hormuz.