India is continuously refining its energy import strategy to manage the risks of the current geopolitical environment. While the country is looking to utilize temporary waivers for Iranian oil cargoes, it is also maintaining close coordination with traditional partners like Saudi Aramco and ADNOC to ensure a steady flow of crude oil and Natural Gas. The recent ceasefire announcement, although fragile, has helped stabilize global crude prices to an extent. This price stability is crucial for Indian oil marketing companies, as it helps prevent sudden spikes in domestic fuel prices and manages the overall inflationary pressure on the economy.