Observable data points shared across all narratives
Changes in Russian and Iranian oil supplies to India create uncertainty in global crude oil markets, affecting Brent crude price fluctuations.
This is not investment advice. Market exposure is based on conditional event analysis.
New shipments of Russian Urals crude oil arrived in India on March 21, increasing Russian oil deliveries to the country. This development affects India's energy supply mix and strengthens trade ties between Russia and India amid shifting global oil markets. It also coincides with the US waiving sanctions on Iranian oil, influencing Asian refiners' purchasing decisions.