Indian Refiners Hire Tankers to Secure Crude via Hormuz
Indian oil refiners have started hiring tankers to pick up crude oil within the Persian Gulf, aiming to reduce costs and strengthen supply chains amid shifting geopolitical conditions. Recent Iraqi crude sales on a free-on-board basis allow better logistics control for Indian refiners. The recovery of oil flows through the Strait of Hormuz has been a key factor in this strategic change.
Economic Times·9h ago


