Indian refiners halt Iraq oil loadings due to escalating security risks in the Strait of Hormuz, impacting shipping safety.

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.