Strait Disruptions Push Asia Toward Russian Crude

India and China are intensifying competition for Russian crude as disruptions in the Strait of Hormuz tighten global oil supplies, according to a report by CNBC. The report said ongoing tensions linked to U.S.-Iran hostilities have reduced shipments through the key route, forcing both countries to seek alternatives.

Analysts cited in the report said Russian oil has emerged as the most accessible option. China and India are now securing similar volumes, around 1.6 million barrels per day each in April. Iranian supply remains largely restricted, while Saudi exports are increasingly directed toward China.

How the Iran war has stoked competition between India and China for Russian oil https://t.co/NB1z8RjXGF

— CNBC International (@CNBCi) April 23, 2026

India is more vulnerable due to lower reserves and heavier dependence on Middle Eastern crude. China, by contrast, has larger stockpiles and diversified supply lines.

The competition is expected to continue as long as geopolitical tensions persist, reshaping global energy flows and pricing dynamics.

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tippinsightsTIPP Staff