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The Economic Times

Business / The Economic Times

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India oil refiners change tactics and hire ships to cross Hormuz

Indian oil refiners are now hiring tankers to pick up crude oil within the Persian Gulf. This approach helps cut costs and secure supply chains amid changing geopolitical conditions. Recent Iraqi crude sales are on a free-on-board basis, giving Indian refiners better logistics control. The recovery of oil flows through the Strait of Hormuz significantly contributed to this strategic shift.

1 Oct 2026 10:50 am