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EconomyIndian Express21 June 2026
India's Russian oil imports at record high amid Strait of Hormuz disruption
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๐ Summary:
- India's crude imports from Russia in June are set to touch an all-time high as Strait of Hormuz disruptions cut West Asian barrels and raise freight risk
- In June so far, Russian oil averaged 2.6 million bpd โ 53.5% of India's total crude imports; Kpler projects over 2.35 million bpd for the full month, the highest ever (previous peak 2.2 million bpd in May 2023)
- Even though the US sanctions waiver on Russian oil purchases has lapsed, refiners expect Russian crude to remain the mainstay of India's import basket
- Driver: regional war and supply disruption near the Strait of Hormuz have tightened West Asian flows since March 2026
๐ฏ UPSC Relevance: GS3 (Economy/Energy security) โ India's crude import diversification, energy security, and the link between geopolitics and the oil import bill/current account.
๐ Prelims Facts:
- Strait of Hormuz: chokepoint between the Persian Gulf and the Gulf of Oman; carries a large share of global seaborne oil
- Russia's share of India's crude in June: ~53.5%; record monthly volume projected: >2.35 million bpd
- Kpler is a commodity-market analytics firm tracking vessel/tanker flows
๐ Key Term: Chokepoint โ a narrow strategic maritime passage (e.g. Strait of Hormuz) whose disruption can sharply affect global energy supply and prices.
Russian oilenergy securityStrait of Hormuzcrude imports
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