Indian Oil Corporation cancels Iraqi oil lifting due to heightened risks and attacks in the Strait of Hormuz, sources reveal.

Indian Oil Corp cancelled lifting Iraqi oil from Basrah Oil Terminal. Increased risks and attacks in the Strait of Hormuz prompted this decision. Mangalore Refinery and…

Indian refiners halt Iraqi oil loadings due to Hormuz security risks. WTI reaching $110 in July 2026 at 2.5% YES.