Macro Finance
India Oil Refiners Change Tactics and Hire Ships to Cross Hormuz
Bloomberg Markets·October 1, 2026·1 min read
Indian oil refiners are hiring tankers to transit the Strait of Hormuz to load crude from inside the Persian Gulf, a tactical shift aimed at cutting costs and securing supply chains. The move reflects growing caution over regional shipping risks while refiners seek cheaper, more reliable crude sourcing routes.
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