India's Oil Firms Scramble for Crude Amid Middle East Risks

Indian government-run oil companies are facing challenges in securing crude supplies due to rising tensions and security risks in the Middle East.

Attacks near Yemen's Red Sea and heightened tensions around the Strait of Hormuz have made shipments from Saudi Arabia and Iraq uncertain, forcing refiners to seek alternative sources.

Indian refiners are turning to Russian and Atlantic Basin crude to meet their needs. Russia could cover more than half of India's oil requirements in September, but even these deals come with uncertainties regarding reliability and price.