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Market Impact: 0.58

Russian Oil Uncertainty Hangs Over India’s Largest Buyers

Source: Bloomberg

Energy Markets & PricesGeopolitics & WarSanctions & Export ControlsTrade Policy & Supply ChainEmerging Markets

Indian state-owned refiners face their greatest oil-supply uncertainty in months as the prolonged Middle East conflict disrupts regional trade conditions and the US may tighten restrictions on purchases of Russian crude. The combined risks threaten a key supply source for India, potentially raising procurement costs and increasing volatility in regional crude flows.

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