India is increasing its crude oil procurement from Latin America as disruptions arising from the Iran conflict and problems around the Strait of Hormuz prompt the world's third-largest oil consumer to diversify its sources.

India is increasing crude oil imports from Venezuela and Latin America. This diversification aims to secure supplies amid Middle East disruptions. Russian oil remains India's…

India diversifies crude oil imports, increasing reliance on Venezuela amid West Asia disruptions, enhancing energy security and resilience.