Indian Oil Corp said to cancel Iraq oil lifting amid attacks
Indian Oil Corporation and Mangalore Refinery and Petrochemicals Ltd. cancelled planned Iraqi crude liftings after attacks on vessels near the Strait of Hormuz raised shipping-risk concerns.
- The shipping regulator directed vessel masters to remain vigilant across the Persian Gulf, the Strait of Hormuz, and nearby waters and to monitor navigational warnings continuously.
- India advised shipowners, ship managers, and recruitment companies not to deploy Indian seafarers on voyages through the Strait of Hormuz after fighting resumed.
- Renewed strikes after the end of a fragile United States-Iran truce increased disruption to shipping through the Strait of Hormuz.
Indian Oil Corporation (IOC) cancelled a planned Iraqi crude oil lifting from Basrah Oil Terminal after attacks on some vessels transiting through the Strait of Hormuz raised shipping-risk concerns. The Strait of Hormuz is one of the world’s most important energy chokepoints and disruptions there can quickly affect import security for India.
A second Indian refiner, Mangalore Refinery and Petrochemicals Ltd., also cancelled a planned Iraqi oil lifting. Neither refinery immediately responded to requests for comment.
What happened
UPSC can frame the issue around India’s dependence on imported crude, maritime chokepoint risk, and the policy trade-off between commercial energy procurement and shipping safety. The issue also links to the security of sea lanes of communication and the impact of West Asian tensions on Indian supply chains.
