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India Pulls Back From Iraqi Oil as Hormuz Turns Too Dangerous
India's biggest state refiners are no longer willing to gamble on the Strait of Hormuz.
AI Summary
India's biggest state refiners are no longer willing to gamble on the Strait of Hormuz. Indian Oil Corp. and Mangalore Refinery & Petrochemicals have suspended crude loadings from Iraq after a string of attacks on commercial tankers turned the world's most important oil chokepoint into an increasingly expensive and dangerous place to do business. According…
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