War Shakes Energy Markets: India Acquires 30M Barrels Russian Crude
Edited By WION Video Desk
Published: Mar 13, 2026, 13:15 IST | Updated: Mar 13, 2026, 13:15 IST
Global energy markets are reeling amid escalating **US-Iran conflict tensions, impacting oil supply chains worldwide. India has taken a decisive step by purchasing 30 million barrels of stranded Russian crude, taking advantage of a temporary U.S. waiver allowing the sale of oil previously restricted under sanctions. The move is aimed at securing India’s energy needs while international crude prices fluctuate around $100 per barrel. Industry experts say the purchase highlights India’s strategic energy diplomacy and its ability to mitigate risks from geopolitical disruptions in the Gulf and other critical energy regions.
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