India is staring at an oil shock as U.S. sanctions on Russian crude loom
1. US sanctions may disrupt India's Russian oil imports significantly. 2. India relies on Russia for 40% of its oil imports, risking higher inflation. 3. Oil prices have surged following sanctions, impacting India's economy and imports. 4. India could see a 500,000 barrels per day supply disruption. 5. Alternative oil sources are unlikely to fill supply gaps quickly.