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Can India keep its oil calm while the Middle East conflict heats up?

By Economic Times - 16 hours ago
The ongoing conflict between Israel and Iran is not expected to significantly affect India's crude oil imports, as India's imports from Iran are minimal. Currently, India sources oil from about 40 countries, including Russia, Iraq, and Saudi Arabia, which helps diversify its supply. However, the conflict raises concerns about potential price volatility in global oil markets.

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