India has ample stocks of crude oil, petro products to tide over Iran crisis

India has ample stocks of crude oil, petro products to tide over Iran crisis

India has adequate crude and petroleum stocks to manage the Iran crisis, with reserves covering about 25 days each of crude and products. Despite importing over 85% of its oil, much of it via the Strait of Hormuz, India has diversified supplies by increasing imports from Russia, Africa and the US. Mar 3, 2026
India-EU trade deal unveils emerging silhouette of post-US world order: Report

India-EU free trade deal includes five-year most-favoured-nation provision

India and the European Union have agreed to grant each other Most-Favoured-Nation (MFN) treatment for five years under their proposed free trade agreement (FTA). This ensures fair and equal treatment in trade in services, preventing either side from giving better treatment to third countries Feb 28, 2026