Editor
The ongoing Israel-Hamas war is causing concern in India over the conflict’s potential impact on oil prices.
India is the world’s third-largest oil-consumer and importer, and although India has been increasing its oil supply from Russiasince the invasion of Ukraine in 2022, a major slice of Indian imports still comes from the Middle East.
Between April and September 2023, 44% of Indian oil imports were from the Middle East, according to industry figures shared by Reuters news agency.
In…
