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The Economic Times

Top News / The Economic Times

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A war in West Asia without winners except may be Russias oil machine

Global energy markets are in turmoil as Iran disrupts oil flows through the Strait of Hormuz. This chaos is proving profitable for Russia. The country is now earning significantly more from oil sales. Even previously shunned Russian crude is finding buyers. This situation is reshaping the global oil map, with countries like India increasing their purchases of Russian oil.

20 Mar 2026 3:02 pm