India increases oil imports from Russia and UAE in June, diversifying supplies ahead of potential Strait of Hormuz recovery.

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…