Hormuz chaos pushes World’s third-largest oil importer into Nigeria’s embrace

Businessday | 29-05-2026 02:17am |

India, recognized as the world's third-largest crude oil importer, is actively seeking to compensate for the disruption of oil supplies from the Middle East due to ongoing tensions in the Hormuz Strait. In response to this challenge, Indian authorities are turning to Nigeria and other alternative sources to secure the necessary crude oil to meet their energy demands. This strategic pivot underscores India's efforts to diversify its oil supply chain and mitigate the risks associated with geopolitical instability in traditional oil-producing regions.

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