EconomyIndian Oil plans to cut Middle East crude purchases under annual deals amid Iran war

Indian Oil Corp plans to reduce Middle Eastern oil purchases under annual agreements in 2027/28, a person familiar with the matter said, as the Iran war has clouded supply prospects from the region.

Indian Oilcrude oil importsMiddle EastIran war

RReuters★★★☆☆2026-10-21 09:45Original