Russian Oil Cargoes Swing Back to India as Iran War Hits Supply

Two Russian oil cargoes that had been signaling East Asia as a destination have switched to India, according to ship-tracking data, suggesting New Delhi is becoming more willing to take the crude as the Middle East conflict worsens.

Two tankers carrying around 1.4 million barrels of Urals oil combined are expected to discharge at Indian ports this week, after previously indicating that they were headed farther east, data from Kpler and Vortexa show. Urals, which loads in the Baltic and Black Seas, was previously very popular with Indian refiners, but flows have slowed sharply this year due to US pressure on New Delhi to stop buying it.