India's oil imports from the Persian Gulf via the Strait of Hormuz have, for the first time since the U.S.-Iran conflict, exceeded imports from Russia as tanker round trips resume and Hormuz flows rebuild. Commodity data firm Kpler says month-to-date deliveries to India via Hormuz have risen to about 2.1 mln b/d, above roughly 1.8 mln b/d of Russian oil imports. Flows to India through Hormuz plunged from a February average of 2.8 mln b/d to about 247,000 b/d in April. Combined exports from major

2026-11-12

India's oil imports from the Persian Gulf via the Strait of Hormuz have, for the first time since the U.S.-Iran conflict, exceeded imports from Russia as tanker round trips resume and Hormuz flows rebuild. Commodity data firm Kpler says month-to-date deliveries to India via Hormuz have risen to about 2.1 mln b/d, above roughly 1.8 mln b/d of Russian oil imports. Flows to India through Hormuz plunged from a February average of 2.8 mln b/d to about 247,000 b/d in April. Combined exports from major Gulf producers—Saudi Arabia, the UAE, Iraq and Kuwait—reached about 15.53 mln b/d in October, roughly in line with levels at the start of the year.