India's oil import strategy is set for a major overhaul as the latest US sanctions on Russian producers and vessels threaten to disrupt supply lines. With nearly 36% of India's total oil imports coming from Russia last year,

The new sanctions are likely to severely affect Russia's oil exports, as many tankers previously used for shipments to India and China will now face restrictions.

Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and freight costs.

The White House has announced new sanctions against Russian oil companies, which are expected to cost Russia billions of dollars per month. The restrictions target Gazprom Neft and Surgutneftegas, as well as 183 ships involved in oil exports.

The White House has announced new sanctions against Russian oil companies, aimed at causing Russia losses of billions of dollars monthly. The restrictions include Gazprom Neft and Surgutneftegaz, as well as 183 ships associated with oil exports.