As oil tanker transfers resume crude oil circulation in the Strait of Hormuz, India's oil imports from the Persian Gulf surpassed Russia's for the first time since the outbreak of the Iran conflict. According to data from shipping data agency Kpler, so far this month, crude oil shipped to India via this key Middle East waterway is 2.1 million barrels per day, while Russian crude oil imports are 1.8 million barrels per day. After the conflict between the US and Iran escalated and the waterway was almost shut down due to attacks on ships, the world's third-largest oil buyer's daily imports through the Strait of Hormuz plummeted to 247,000 barrels in April, compared to an average of 2.8 million barrels in February. The current crude oil shipments from major oil producers in the Gulf are close to pre-war levels. The combined crude oil exports from Saudi Arabia, the United Arab Emirates, Iraq, and Kuwait rose to 15.53 million barrels per day in October, which is basically the same level as at the beginning of the year.

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