Despite falling Russian crude oil revenues, India’s imports of Russian crude surged by 34% to a record high in June 2026, reaching €4.5 billion and solidifying India’s status as the second-largest buyer of Russian hydrocarbons. This crude was processed by major Indian refineries, including Reliance’s Jamnagar facility, and exported to European and UK markets under specific exemptions. Simultaneously, escalated geopolitical conflict in West Asia led International Maritime Organization Secretary-General Arsenio Dominguez to condemn persistent attacks on commercial vessels near the Strait of Hormuz, where thousands of seafarers remain stranded. In response to growing logistics demands across the Gulf Cooperation Council, DP World acquired 700 trucks to handle up to 35,000 trips monthly. Furthermore, VOC Port signed a three-year cooperation agreement with Belgium’s Port of Antwerp-Bruges to advance digital transformation, capacity building, and green energy initiatives.