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India Plans to Cut Reliance on Middle East Oil After War Shock

Bloomberg 2026-06-30 09:36:49
Context: India's state oil refiners are planning to reduce their dependence on Middle East oil supplies due to the impact of a recent war. This shift in strategy comes after a supply shock caused by the conflict. The refiners are looking to alternative options, including spot-market purchases.

Key Facts

  • India's state oil refiners are planning to reduce their reliance on the Middle East following the supply shock of the Iran war, and will lean more heavily on alternative options including through spot-market purchases.
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