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India Oil Refiners Change Tactics and Hire Ships to Cross Hormuz
Source: Bloomberg
Energy Markets & PricesTrade Policy & Supply ChainTransportation & LogisticsGeopolitics & War
Indian oil refiners are hiring tankers to transit the Strait of Hormuz and collect crude directly within the Persian Gulf. The shift is intended to reduce procurement costs and strengthen supply-chain security, but highlights refiners' continued exposure to a strategically sensitive shipping chokepoint.
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