India Widens Russian Insurance List as Iran War Hurts Oil Flows

India's expansion of its approved Russian insurance list aims to facilitate continued oil trade amidst disruptions from the Iran war, which is impacting global oil flows. This move could help maintain supply stability for India while potentially mitigating some upward pressure on oil prices due to the conflict. Traders will monitor the effectiveness of these insurance measures and the broader geopolitical situation for sustained oil market implications.

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