India Secures 60M Barrels of Russian Oil as Hormuz Crisis Halts Gulf Supply
India doubled its Russian crude purchases for April delivery after the Strait of Hormuz effectively closed in early March 2026, while the Philippines activated a 20 billion-peso emergency fund as its fuel reserves shrank to 45 days — exposing how deeply Asia’s energy security depends on a single chokepoint. NEW DELHI / MANILA — India’s crude imports from Russia jumped…