03
Mar
The Indian government has significantly escalated its procurement of Russian crude oil as a direct response to the deepening security crisis in the Strait of Hormuz, which has effectively paralyzed traditional energy supply routes from the Middle East. With the vital maritime chokepoint currently subject to a "Hormuz Halt" following recent Iranian military threats and regional strikes, New Delhi has moved aggressively to diversify its imports to ensure national energy security and price stability. By leveraging the Northern Sea Route and alternative pipelines that bypass the volatile Persian Gulf, Indian state-owned refiners have secured expanded long-term contracts with Moscow, capitalizing…
