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Russian Oil Ships Redirect to India Amid Iran Conflict

Bloomberg Markets •
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Russian oil cargoes originally bound for East Asia are now rerouted to India as Middle East tensions disrupt global supply chains. The Odune (730k barrels) and Matari (700k barrels) — both Urals crude — are set to reach Indian ports this week after shifting course, per ship-tracking data. This marks a reversal for New Delhi, which had reduced Russian oil imports earlier this year under U.S. pressure but now faces potential shortages due to Strait of Hormuz disruptions.

The Indri, a Suezmax carrying 730k barrels, also altered its path from Singapore toward India, raising speculation about further rerouting. All three vessels were sanctioned by the EU and UK last year, complicating their ownership transparency. Indian refiners, historically reliant on Urals, are cautiously revisiting Moscow as geopolitical instability threatens alternative supplies.

This shift reflects broader market volatility: Russia seeks new buyers amid Western sanctions, while India balances energy needs against diplomatic risks. Analysts suggest this pivot could strain long-term trade agreements if Middle East tensions persist.

Key entities: Global Ship Solutions LLC (Odune’s manager), Anchor Elite Shipmanagement (Matari’s manager), Veyronda Seaborne Ltd. (Indri’s owner). Critical figures: 1.4 million barrels of Urals oil combined. Unresolved details: Discharge status of the Odune and Indri remains unclear.