India considers buying more Russian oil as Middle East conflict disrupts supplies

India is looking at increasing its purchases of oil from Russia. This comes as the conflict in the Middle East has disrupted other supplies, and the United States has reportedly given India a temporary waiver to buy Russian oil.

Indian refiners, including companies like HPCL and Reliance, are reportedly seeking prompt shipments of Russian crude. This marks a potential shift, as India's imports of Russian oil had recently fallen to a 44-month low.