EL7.AI
CommoditiesMediumUpdated•Originally published 1 October 2026•Updated 1 October 2026•
1 min read

Indian Refiners Seek Tankers for Hormuz Routes Despite Security Risks

Key Facts

1Indian refining companies are seeking tankers to transport oil through the Strait of Hormuz despite heightened attack risks.
2Two shipping companies won tenders for Persian Gulf oil while two other tenders were canceled.

Indian refining companies are seeking tankers to transport oil through the Strait of Hormuz despite heightened attack risks in the region. Bloomberg reported that the move aims to secure crude supplies from the Persian Gulf, with OilPrice noting that two shipping companies recently won tenders for transport while two other tenders were canceled.

The strategic shift follows attacks on three tankers in the Strait of Hormuz this week, marking a change for Indian refiners who previously avoided using Indian vessels in the area due to security concerns. Regarding India's broader industrial context, data from September 28, 2026, showed that industrial production grew by 8% year-on-year, exceeding the forecast of 6.5%.

Latest Updates · 1

  1. Notable·

    Update: Middle East crude oil exports reached their highest level in September 2026 since the conflict began, underpinning the increased demand for tankers to secure these flows. Meanwhile, diesel pump prices in the European Union hit record levels on October 1, 2026.