India replaces Gulf oil imports with Iranian and Russian supply, Robin Brooks notes

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15.03.2026

India replaces Gulf oil imports with Iranian and Russian supply, Robin Brooks notes — India pivots oil imports to Iran, Russia

India has dramatically changed its oil import strategy, reducing shipments from Iraq, Qatar, Saudi Arabia, and UAE from 50% to zero. Robin Brooks points out that this shift eliminated the need for oil to pass through the Strait of Hormuz. As a result, demand for Iranian and Russian oil has surged to fill the gap left by Gulf suppliers.

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India’s pivot in sourcing crude oil not only reshapes its energy security but also exemplifies broader commodity trends seen globally. Similar dynamics were observed during the recent commodity rally, where volatility in geopolitical landscapes significantly influenced prices of silver and gold. These developments parallel earlier instances, such as the Brazilian economy’s rebound amid corruption challenges and oil market instability, highlighting the enduring interconnectedness of global economic and energy sectors.

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