Record buys from Russia, stocking up on crude: How India is managing its oil supply amid Hormuz closure, US-Iran conflict

US-Iran war: India, importing around 90% of its crude needs, is stocking up on oil even as hopes of the Strait of Hormuz reopening completely stay. India has diversified its crude oil procurement, and stepped up imports in a big way to have sufficient reserves at a time when global oil trade remains disrupted and oil prices still remain above pre-war levels.

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