Russia ready to supply crude oil to India amid West Asia crisis: Envoy Alipov

• Russian Ambassador Denis Alipov stated Russia is always open to supplying crude oil to India, addressing concerns over rising petroleum prices due to the West Asia crisis.
• Global oil and gas prices have surged after Iran virtually blocked the Strait of Hormuz, a critical shipping lane handling 20% of global oil and LNG.
• India, which imports 88% of its crude oil and half its natural gas needs, primarily via the Strait of Hormuz, faces significant impact from West Asia instability.
• The US launched military strikes on Iran, leading to retaliatory attacks by Iran targeting Israel and American bases in Gulf countries, escalating the conflict.
• Despite US pressure and a recent sharp fall in procurement, India maintains it will diversify oil sources based on national interests, rejecting US claims of agreeing not to buy Russian oil.