Chennai: India has strengthened its energy security by tapping increased crude oil shipments from Russia and Venezuela as global supply tightens following the closure of the Strait of Hormuz.
With the U.S.-Israel war on Iran disrupting traditional routes and pushing oil prices higher, Indian refiners moved quickly to diversify sources. Data from BIMCO, one of the world’s largest shipping associations, shows global crude shipments fell 16% after the war began compared with the first nine weeks of the year.
The rise in flows from Russia and Venezuela has helped India maintain steady access to crude at a time when many markets face shortages. The shipments support domestic fuel availability and keep key sectors running without major interruption.
The development highlights India’s growing flexibility in energy sourcing and its ability to adapt supply chains during geopolitical shifts. Stable imports from both countries are providing a buffer for India’s energy needs while the Strait of Hormuz remains virtually closed.
