India Widens Russian Insurance List as Iran War Hurts Oil Flows

India allowed more Russian insurers to provide cover for vessels calling at its ports, while extending permits for others, as the closure of the Strait of Hormuz hits energy shipments from the Persian Gulf.

Some 11 Russian insurers that are not members of so-called P&I Clubs are now allowed to provide the services, up from eight last month, according to a listing on the Directorate General of Shipping’s website.

The South Asian nation is the world’s top buyer of Russian crude, and it is leaning more heavily on flows from Moscow as the war between the US, Israel and ...