Brief by Shorts91 Newsdesk / 03:03pm on 03 Mar 2026,Tuesday India Global
Russia has offered to supply more oil to India if the Gulf crisis disrupts global shipments. A Russian source told Reuters that Moscow is ready to help if needed. Tensions in West Asia have raised fears over the Strait of Hormuz, a key oil route. India imports nearly half of its crude through this passage. The government said India has enough crude and fuel stocks for about 50 days. Officials are also looking at other suppliers. Brent crude has crossed $80 per barrel. Experts warn prices may rise if the crisis continues, though there is no immediate shortage.
