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India Pulls Back From Iraqi Oil as Hormuz Turns Too Dangerous

Indian Oil Corp and Mangalore Refinery have suspended crude loadings from Iraq following a surge in attacks on commercial tankers in the Strait of Hormuz, rendering the world's most critical energy chokepoint increasingly risky.
State-Run IOC abandoned plans to load the VLCC Lila Jamnagar, concluding that sending a 2-million-barrel tanker through Hormuz was no longer worth the risk; Mangalore Refinery cancelled loadings on the Indian-flagged Aframax tanker Desh Gaurav.
India's shipping ministry has directed shipowners and recruitment agencies to refrain from deploying Indian seafarers on vessels transiting the Strait of Hormuz until further notice, responding to escalating maritime risks.
The latest disruption comes as Brent crude trades back above $90 per barrel, heightening concerns for India, which depends on imports for more than 85% of its oil consumption and previously sourced roughly half from the Middle East.
Russian crude continues flowing into India at near-record levels of roughly 2.45 million barrels per day this month, providing a critical buffer as regional tensions in the Persian Gulf intensify.

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