Iran war: IOC to buy crude, LPG carriers as Strait of Hormuz disruptions drive freight costs
Indian Oil Corporation plans to buy crude and LPG carriers and explore shipbuilding in India as Strait of Hormuz disruptions drive up freight costs. The move complements efforts to diversify crude supplies, increase inventories and strengthen resilience across its energy supply chain.
- ✓Indian Oil Corporation plans to buy crude and LPG carriers and explore shipbuilding in India as Strait of Hormuz disruptions drive up freight costs.
- ✓The move complements efforts to diversify crude supplies, increase inventories and strengthen resilience across its energy supply chain.
- ✓Civic Domain: Categorized under business public notices.
Indian Oil Corporation plans to buy crude and LPG carriers and explore shipbuilding in India as Strait of Hormuz disruptions drive up freight costs. The move complements efforts to diversify crude supplies, increase inventories and strengthen resilience across its energy supply chain.
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| Issuing Authority | Livemint Indian Economy & Policy |
|---|---|
| Topic Category | BUSINESS |
| Jurisdiction | All India / National |
| Publication Date | 8 November 2026 |