India Increases Russian And UAE Oil Imports In June Ahead Of Strait Of Hormuz Reopening

Iran maintains the closure of the Strait of Hormuz until a Lebanon ceasefire and oil waivers are established, increasing global economic tensions and destabilizing oil markets. In response to these regional conflicts, India significantly increased its crude oil imports from Russia during June. Additionally, shipments from the UAE remained at near-record levels. These strategic import surges occurred as India prepared for the eventual reopening of the Strait of Hormuz to ensure energy security.