Tensions escalated in the Strait of Hormuz as Iran and the US clashed over shipping access amid a blockade. Iran fired on a tanker and reimposed restrictions, raising fears of renewed conflict and worsening global energy instability
The United States urged India to buy Russian oil cargoes waiting near Chinese refineries and redirect them to Indian refineries to ease supply concerns and curb price spikes during the West Asia conflict, while maintaining that Washington’s policy toward Russia remains unchanged
India faces crude supply risks due to Strait of Hormuz tensions, but Saudi’s Red Sea route and rising Russian, US, and Latin American oil imports reduce disruption chances. Full closure is unlikely, though short-term delays and freight hikes are expected
