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VERIFIEDET Finance·neutral
India oil refiners change tactics and hire ships to cross Hormuz
AI Summary
- ·Indian oil refiners are now hiring tankers to pick up crude oil within the Persian Gulf.
- ·This strategy aims to reduce costs and ensure supply chains amidst evolving geopolitical situations.
- ·The recovery of oil flows through the Strait of Hormuz has been a key factor in this strategic change.