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Data▼ Bearish for Indian equities
India's crude imports hit 2026 high in September as Gulf supplies surge despite Hormuz risks
The brief
- Crude imports rose to a 2026 high of 5.26 million barrels per day in September
- Gulf supplies surged despite Strait of Hormuz risks
- Higher crude imports expose Indian refiners and fuel retailers to oil-price and currency swings
- Iran says it received US response to ceasefire proposal as Washington exits Iraq
- US completes troop withdrawal from Iraq after 12 year anti-ISIS mission
- Iran urges US voters to remove Trump allies as American troops leave Iraq
- US forces exit Iraq, emboldening Iran's proxies and Islamic State