India ramps up oil imports from Russia and US amid Iran-Israel conflict

India has sharply increased its crude oil imports from Russia and the United States in June, surpassing the combined intake from traditional Middle Eastern suppliers like Iraq and Saudi Arabia, amid rising geopolitical tensions following Israel’s strikes on Iran.

According to preliminary data from global trade analytics firm Kpler, Indian refiners are likely to import between 2.1–2.2 million barrels per day (bpd) of Russian



crude in June — the highest volume in two years and accounting for over 35 per cent of India’s total crude intake.

The surge comes as tensions in the Gulf intensify. On June 13, Israel launched strikes on Iranian nuclear sites, followed by U.S. military action targeting Iranian facilities. Fears of supply disruption in the Strait of Hormuz, a key oil transit route, have escalated, although actual supplies remain unaffected for now.