Two Indian state-run refiners have suspended crude oil loadings from Iraq due to rising security risks in the Strait of Hormuz, making vessel safety harder to ensure. The development points to tighter regional supply logistics and potential upward pressure on crude and refined product prices as shipments are disrupted.
Two Indian state-run refiners have suspended crude oil loadings from Iraq due to rising security risks in the Strait of Hormuz, making vessel safety harder to ensure. The development points to tighter regional supply logistics and potential upward pressure on crude and refined product prices as shipments are disrupted.
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