India’s Russian Crude Imports Jump 90% in March as Hormuz Block Reshapes Oil Basket: Report
India’s energy landscape witnessed a dramatic shift in March 2026 as Russian crude oil imports surged by 90%, reshaping the country’s oil basket amid disruptions in the Strait of Hormuz. The blockade of this critical maritime chokepoint has forced India to diversify its energy sources, with Russia emerging as a major supplier. This development underscores…