India may have avoided a major crude supply shock from the US-Iran conflict so far, but a new set of pressures is building around the world's third-largest oil importer, with disruptions to Saudi Arabian export infrastructure, constraints on Russian crude shipments and the prospect of stronger Chinese competition for the same Russian barrels, according to a Times of India (TOI) report.
For India, which imports around 90% of its crude requirements, the immediate concern may not be running out of oil. The bigger risk, according to experts cited by TOI, is how much the country will have to pay for it.
