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India shifts its oil import routes
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Blog – Shafaqna English | International Shia News & Fatwas
Shafaqna English- Data from industry sources show that India’s oil imports from Russia and Latin America jumped sharply in the April-June quarter, while Middle Eastern shipments fell due to restricted access to the Strait of Hormuz following the U.S.-Israeli attack on Iran.
India had been trimming Russian oil purchases to sidestep higher U.S. tariffs.
Yet, after Washington granted a short-term exemption, New Delhi raised volumes from Moscow to offset the shortfall from the Gulf, which resulted from the blockage of the key strait.
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