Moscow is preparing to divert oil shipments to India, following disruptions in supply from the Middle East due to escalating conflicts in the region. According to a source cited by Reuters, around 9.5 million barrels of Russian oil are currently aboard vessels near Indian waters, with the potential to arrive at Indian refineries within a few weeks. This diversion is seen as a critical move to help stabilize India's oil supply in light of the ongoing geopolitical tensions.

India, which depends heavily on imports for its oil needs, has been characterized as vulnerable to supply shocks. Current reserves are only sufficient to cover approximately 25 days of consumption, with limited stocks of diesel, gasoline, and liquefied petroleum gas further exacerbating the situation. As the conflict in the Middle East threatens to extend, an Indian government source indicated that New Delhi is actively seeking alternative suppliers to ensure its energy security in the coming weeks.

The situation is further complicated by the significance of the Strait of Hormuz, a critical chokepoint for oil shipments. Approximately 40% of India's oil imports funnel through this strategic maritime corridor, which has faced increasing pressure as tensions rise in the Middle East. The anticipated rerouting of Russian oil not only aims at addressing immediate supply concerns but also underlines India's proactive approach towards securing its energy resources amidst uncertain times in the global oil market.