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Indian oil refiners are adapting by hiring tankers to navigate the Strait of Hormuz, aiming to cut costs and secure supply chains in the face of rising geopolitical tensions, including US-Iran relations.
India and China are better equipped to manage energy disruptions due to diverse sourcing and stockpiling. George Yeo emphasised India
India's crude imports from West Asia jumped 74% in September as Gulf suppliers increasingly used ship-to-ship transfers to move oil despite Strait of Hormuz risks.