India Buys 60 Million Barrels of Russian Oil Amid Strait of Hormuz Disruptions

• India purchased 60 million barrels of Russian crude for next month's delivery due to West Asia conflict straining supply chains.
• Purchases aim to ease concerns over crude availability as shipping through the Strait of Hormuz remains constrained.
• Indian refiners, including MRPL and Hindustan Mittal Energy Ltd., resumed buying Russian crude after a US waiver.
• India is also diversifying sourcing, with Venezuelan crude imports projected to reach 8 million barrels for April.
• Indian ports continue to receive energy shipments, with no congestion reported, and authorities monitoring the region.