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Oil-thirsty Asian nations seek Russian crude as Iran war strains supplies

Asian nations increase Russian crude imports due to Middle East supply disruptions and U.S. sanction easing, with India importing nearly 1.9 million barrels daily in March, Kpler data shows.

Summary by The Korea Times
BANGKOK — Asian nations are increasingly competing for Russian crude oil as an energy crisis mounts amid the month-old war by the U.S. and Israel against Iran, which has choked off roughly a fifth of the world’s oil supply. Much of the oil from the mostly shut Strait of Hormuz was headed for Asia, hit hardest by recent energy shocks. Over the weekend, Iran-backed Houthi rebels entered the conflict, further threatening shipping. To shore up globa…

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Oil-thirsty Asian nations seek Russian crude as Iran war strains supplies

Asian nations are increasingly competing for Russian crude oil as an energy crisis mounts amid the U.S. and Israeli war in Iran, which has choked off roughly a fifth of the world’s oil supply.

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WellandTribune.ca broke the news in on Monday, March 30, 2026.
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