Over 15m barrels of oil from Russia heading to IndiaBloombergMore than 15 million barrels of Russian oil are floating within easy reach of India, offering the nation a quick fix to Middle East supply shortages after the US issued a temporary license allowing purchases. These cargoes — which appear to be unsold, or without a specific destination port — could reach India in a week or less. Rosneft’s Russian-flagged crude oil tanker Vladimir Monomakh transits the Bosphorus in Istanbul, Turkey, on July 6, 2023. Photo: ReutersAnother eight vessels carrying roughly 7 million barrels of Russian Urals oil are idling off Singapore and could also reach India within a week. About 70 percent of the crude oil South Korea imports passes through the Strait of Hormuz, Seoul said.

Source: Taipei Times March 06, 2026 17:13 UTC