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Indian refiners likely to turn back to Russian oil amid Middle East war
short by Daisy Mowke / on Sunday, 1 March, 2026
Indian refiners are expected to turn back to Russian oil supplies over reported closure of Strait of Hormuz amid Middle East war. Disruption will affect as much as 50% of India's monthly total oil imports and almost all of its LPG purchases, said analysts. Roughly 2.5-2.7 million barrels per day of India's crude imports transit through Strait of Hormuz.
read more at Moneycontrol