Indian state refiners suspend Iraqi crude loadings via Strait of Hormuz due to security risks

Indian Oil Corp. and Mangalore Refinery & Petrochemicals have halted crude loadings from Iraq, citing rising security risks to commercial tankers in the Strait of Hormuz. The decision follows the cancellation of a VLCC shipment, signaling a shift in supply chain risk appetite for major Asian importers. It remains unclear if this suspension will extend to other regional suppliers or trigger a sustained shift in Indian crude procurement strategies.