India expanded the list of Russian insurers authorized to cover vessels at its ports, while renewing permits for existing providers, as the Strait of Hormuz closure disrupts Persian Gulf oil shipments. The move comes as India seeks to maintain energy supplies despite escalating tensions in the region. Energy shipments from the Persian Gulf have been severely impacted by the waterway's closure.

India's decision to broaden Russian insurance coverage reflects growing energy security concerns as the Hormuz crisis threatens critical oil flows. The Persian Gulf region accounts for a significant portion of India's crude imports, making alternative insurance arrangements essential. Russian insurers have been stepping in to fill gaps left by Western providers who have scaled back operations in the region.

By diversifying its insurance options, India aims to ensure uninterrupted vessel operations at major ports handling energy cargo. The expanded Russian insurance list provides shippers with more flexibility as they navigate the challenging maritime insurance landscape created by the Strait of Hormuz closure. This strategic move helps safeguard India's energy supply chain during a period of heightened regional instability.