- US military conducted drills in Caracas on May 29, while Iran simultaneously released a new map claiming control over the Strait of Hormuz.
- The US-Iran conflict is driving up energy prices and prompting negotiations to ease shipping restrictions through the Strait of Hormuz.
- Iran's tolling system proposal risks global oil and gas supply, prompting India to support international efforts to restore stability in the region.
- Conflict in the Middle East disrupted gas supplies needed for urea production, impacting India's energy imports.
India is importing half of its oil from the Middle East.
1 report, 1 independent
Updated Jun 25
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What happened
India is importing half of its oil from the Middle East.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
Related events
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- Tensions between the U.S. and Iran are impacting oil flows, forcing Asia to rely on Middle Eastern imports, including considerations for the U.S. Strategic Petroleum Reserve.
- War in the Middle East impacts oil policy and trade data tracking.
- Indian companies and the Indian Army are expanding their market reach into the Middle East and African nations.