According to CoinMeta, for the first time, India's imports of oil from the Persian Gulf have surpassed those from Russia. According to statistics from the commodity data analysis company Kpler, so far this month, the volume of crude oil reaching India via the Strait of Hormuz has risen to 2.1 million barrels per day, exceeding Russia's daily oil imports of 1.8 million barrels. Previously, due to the US-Iran conflict, the volume of oil flowing to India through this strait plummeted from an average of 2.8 million barrels per day in February to just 247,000 barrels per day in April. Currently, the crude oil exports from the major oil-producing countries in the Persian Gulf region have approached pre-conflict levels; in October, Saudi Arabia, the UAE, Iraq, and Kuwait combined to export 15.53 million barrels per day, which is roughly on par with the levels at the beginning of the year.