Crude Oil
India promises to secure fuel supplies amid Middle East turmoil
Hardeep Singh Puri, the oil minister of India, said that India would take steps to protect its domestic fuel supply amid heightened tensions in Middle East after U.S. attacks and Israeli strikes on Iran's nucleus sites. India, which is the third largest oil importer in the world, has been diversifying its crude import sources for the past few years to reduce its dependence on Strait of Hormuz. The Middle East provides less than half its 4.8 million barrels of oil per day average. Puri stated on the social media platform X that "we have been closely watching the evolving geopolitical...