With reference to India's oil imports and the Lindsey O. Graham Act, consider the following statements: 1. India's oil import bill in September 2026 was $14.3 billion. 2. The Lindsey O. Graham Act empowers the U.S. to levy tariffs of up to 100% on countries importing large quantities of Russian oil and gas. 3. Russia and the UAE together account for 40% of India's total oil imports. Which of the statements given above is/are correct?

India slashes U.S. oil imports to zero following Lindsey O. Graham Act

GS3Economy · S&T · Environment · Security· External sector, trade & FDI· Prelims + Mains· 30 October 2026

Energy security and trade sanctions: a GS3 case study on geopolitical risks and import diversification.

Why in news

India slashed oil imports from the U.S. to zero and reduced Russian imports by nearly 18% in September 2026 following the signing of the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026.

Background

India imported 209.4 lakh tonnes of crude oil in September 2026, resulting in a $14.3 billion import bill. Russia and the UAE together account for 60% of India's oil imports, with the UAE's share reaching 26.5% in September 2026.

Facts for Prelims

FactIndia's oil import bill in September 2026 was $14.3 billion, a 33% increase from September 2025.
FactRussia and the UAE together account for 60% of India's total oil imports.
FactThe Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 empowers the U.S. to levy tariffs of up to 100% on countries importing large quantities of Russian oil and gas.
FactIndia's oil imports from the UAE reached a 26.5% share in September 2026.

Prelims practice question

With reference to India's oil imports and the Lindsey O. Graham Act, consider the following statements:

India's oil import bill in September 2026 was $14.3 billion.
The Lindsey O. Graham Act empowers the U.S. to levy tariffs of up to 100% on countries importing large quantities of Russian oil and gas.
Russia and the UAE together account for 40% of India's total oil imports.

Which of the statements given above is/are correct?

(a)3 only
(b)1 and 2 only
(c)1 and 3 only
(d)2 and 3 only

Show answer

Answer: (b) 1 and 2 only — Statements 1 and 2 are correct. Statement 3 is incorrect: Russia and the UAE together account for 60% of India's oil imports.

For Mains

Q. Examine the impact of geopolitical sanctions on India's energy security and its strategy for diversifying crude oil sourcing.

Dimensions to cover in your answer

Geopolitical friction: Balancing strategic autonomy with compliance to U.S. trade sanctions and tariffs.
Supply chain concentration: Risks associated with high import reliance on a limited number of suppliers.
Trade-off dynamics: Balancing immediate energy requirements against long-term diplomatic relations with major global powers.

Keywords: Energy Security · Strategic Autonomy · Trade Sanctions · Import Diversification · Geopolitical Risk

Read the full news →Report a mistake in this note How notes are made Source: The Hindu ↗Also: GS2 · Policies of other countries affecting India

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