Russia offers 9.5 mln barrels of oil to India amid Hormuz crisis. Global energy markets are on edge as tensions around the Strait of Hormuz threaten crude supplies.
Around 40% of India’s oil imports pass through this route, making any disruption a serious risk for the country’s energy security.
Amid the uncertainty, Russia has stepped in, offering to divert 9.5 million barrels of crude oil to India.
The shipments are reportedly already positioned near Indian waters and could arrive within weeks, helping refiners manage potential shortages.