India Mulls Return to Russian Oil as Iran War Halts Middle East Flows

India is considering returning to buying Russian crude amassed in floating storage in Asia as the war in Iran and Tehran’s retaliatory strikes in the region have severely disrupted oil flows from the Middle East. The state-held refiners of India, the world’s third-largest oil importer, and Indian government officials met over the weekend to discuss emergency supply plans following the major escalation in the Middle East. These plans include a potential return of Indian refiners purchasing Russian oil, sources with…