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Russia Offers To Supply More Oil To India Amid Hormuz Crisis, Russian Oil Imports Jump 90% In March

TOI.in / Apr 03, 2026, 11.11 AM IST

India is recalibrating its energy playbook as Russia steps forward with a major supply offer. In talks with Narendra Modi and S. Jaishankar, Russian Deputy PM Denis Manturov confirmed the capacity to increase oil and LNG exports to India. This comes as disruptions in the Strait of Hormuz create uncertainty in global supply chains. India’s imports of Russian crude have already jumped 90 percent, signalling a strategic shift. The partnership is also expanding into fertilisers, nuclear energy, and industrial cooperation. With global alignments shifting, India is balancing diplomacy while prioritising energy security. The surge in Russian imports highlights a clear message — India is moving fast to secure stable energy sources in a volatile global environment.

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