Indian refiners alter oil shipping routes via Strait of Hormuz

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Indian state-run refiners are adjusting their oil procurement and shipping strategies due to heightened regional tensions. The changes are a direct response to recent attacks on commercial vessels in the Red Sea and near the Strait of Hormuz. Companies like Bharat Petroleum and Indian Oil are opting for contracts where the supplier handles shipping to mitigate risk. This shift aims to ensure a steady fuel supply for India while avoiding the heightened insurance costs and security risks in the volatile area.

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