Can India insulate itself from oil shocks?
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With global markets disrupted by geopolitical tensions, trade wars, India’s 2025 energy policy shows a clear shift toward stability and strategic independence India’s crude imports from the US surged to a 27-month high in April 2025, reflecting a deliberate shift toward reliable suppliers in light of the sanctions on Venezuela and Iran. At the same time, Russia remains a vital partner, offering discounted oil under long-term agreements. India’s oil imports from Russia hit a near two-year high
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