India secures 70% crude oil imports outside Strait of Hormuz
pre-market1 source ↓written by the desknot a recommendation
- from sources outside
- 70% secured
- imports crude
- 40 nations
India's crude oil supply is now 70% secured from sources outside the Strait of Hormuz, according to the Ministry of Petroleum. The country imports crude from 40 nations, ensuring a stable supply amid geopolitical tensions. Additionally, two LNG cargoes are en route to India, enhancing energy security.
Not investment advice. For informational purposes only.