Official: No issuing-body link retained in this package.
Reduced historical snapshot. Its full original contents were not retained.
Indian Oil Corp (IOC) plans to cut its Middle Eastern oil purchases under annual deals in 2027/28 as the Iran war has created uncertainty for supplies from the region, a source familiar with the matter said.
Chronology
Indian Oil to trim Middle East oil imports under annual deals amid Iran war
Indian Oil Corp (IOC) plans to cut its Middle Eastern oil purchases under annual deals in 2027/28 as the Iran war has created uncertainty for supplies from the region, a source familiar with the matter said.
Reduced historical snapshot.
Earlier on MacroDigest
- Oil prices climb as traders assess Middle East developments
- Oil prices climb as traders assess Middle East developments
- Brent falls 3% as oil prices reverse earlier rally towards $112
- Iran war tilts balance of global oil power towards Americas
- Oil prices fall as traders hope for diplomatic progress in Middle East
- Oil prices fall as traders hope for diplomatic progress in Middle East
- A breakthrough in US-Iran negotiations is expected to be announced this week, according to Al-Arabiya
- Iran urges US to accept proposal to reopen Strait of Hormuz
- Trump Faces Midterm Fuel Reckoning as Gas Prices Near Biden’s Average
- Trump waives some Russia oil sanctions, easing pressure on India
- Trump waives some Russia oil sanctions, easing pressure on India
- Oil Tops $110 for First Time Since May as Supply Risk Grows
- U.S. crude oil tops $100 as Iran escalates Hormuz attacks, Ukraine vows to hit Russian refineries
- U.S. crude oil tops $100 as Iran escalates Hormuz attacks, Ukraine vows to hit Russian refineries
- Oil edges down as investors weigh possible US sanctions on ’shadow fleet’
- Oil prices edge lower on improving supplies; WTI set for strong week
- U.S. crude oil near $98 as Iran steps up attacks in Strait of Hormuz
- Strait of Hormuz still unsafe for ships, maritime group warns
- U.S. crude oil prices top $98 as Iran steps up attacks in Strait of Hormuz
- Brent oil slips as US weighs easing sanctions on global ’shadow fleet’
- Attacks on Ships in Strait of Hormuz Escalate Sharply
- Oil prices slips as US weighs easing sanctions on ’shadow fleet’
- Oil prices fall as investors weigh supply outlook, Middle East tensions
- Oil prices sink amid tanker attacks near Hormuz, reports of easing U.S. sanctions
- Container ship sinks in Strait of Hormuz as Iran steps up attacks
- Attacks on Ships in Strait of Hormuz Escalate Sharply
- Oil prices climb as traders weigh Saudi supply risk, Russian diesel flow
- Oil prices climb as traders weigh Saudi supply risk, Russian diesel flow
- Oil prices mixed as traders assess Russian diesel supply prospects and Saudi-Houthi conflict
- Oil prices mixed as traders assess Russian diesel supply prospects and Saudi-Houthi conflict
- Oil prices volatile after Trump claims ‘energy ceasefire’ in Ukraine war
- After oil increasingly left the Gulf, Iran is trying to regain its stranglehold on shipping
- Tanker attacks in Strait of Hormuz surge to wartime high as Iran tries to choke off oil exports
- Tanker attacks in Strait of Hormuz surge to wartime high as Iran tries to choke off oil exports
- Tanker attacks in Strait of Hormuz surge to wartime high as Iran tries to choke off oil exports
- Iran attacks tankers beyond Strait of Hormuz
- Oil prices jump on tanker attacks and slowing flows through Strait of Hormuz
- Oil prices jump on tanker attacks and slowing flows through Strait of Hormuz
- Oil prices jump 4% as Iran steps up tanker attacks, hurricane threatens U.S. Gulf production
- Oil Prices Jump on Outburst of Violence in the Middle East
- Oil Prices Jump on Outburst of Violence in the Middle East
- Oil prices jump on tanker attack and slowing flows through Strait of Hormuz
- Oil prices jump on tanker attack and slowing flows through Strait of Hormuz
- Oil prices jump amid record tanker attacks in Hormuz
- Oil prices rise sharply on Middle East tensions and US hurricane threat
- Oil rises as Middle East supply concerns persist amid shipping attacks
- Oil rises as Middle East supply concerns persist amid shipping attacks
- Oil rises as Middle East supply concerns persist amid shipping attacks
- Oil rises as Middle East supply concerns persist amid shipping attacks
- Attacks on tankers in Hormuz hit highest of any week since start of Iran war, sources say
- Attacks on tankers in Hormuz hit highest of any week since start of Iran war, sources say
- Iran Ramps Up Ship Attacks in Hormuz as Oil, Gas Flows Climb
- Oil prices stable as market weighs supply risks, rising Middle East exports
- Rebounding oil exports through Strait of Hormuz are vulnerable to stepped-up Iranian tanker attacks
- Rebounding oil exports through Strait of Hormuz are vulnerable to stepped-up Iranian tanker attacks
- Oil prices slip as traders weigh strong Mideast exports against Gulf tensions
- Oil prices slip as traders weigh strong Mideast exports against Gulf tensions
- Oil prices slip as traders weigh strong Mideast exports against Gulf tensions
- Brent near $100; Oil steadies as West Asia exports rise and Saudi Aramco cuts prices
- Oil prices slip as traders weigh strong Mideast exports against Gulf tensions
- Oil prices edge lower as markets weigh Aramco price cuts, M.East supplies
- As Iran war drives up gasoline prices in US, Trump blames Ukraine, Democrats
- Oil slips in choppy trade amid Yemen offensive, recovering exports, and G7 move
- Oil prices choppy as Middle East exports recover, G7 taps emergency stocks
- Saudis See Deeper Deficit as Wartime Spend Offsets Oil Spike
- Oil gains after Trump denies he is willing to ease sanctions on Iran
- Oil gains after Trump denies he is willing to ease sanctions on Iran
- Mideast Oil Exports Rebound Even as Prices Remain Elevated
- Oil prices ease as Middle East supply concerns persist
- Oil prices ease as Middle East supply concerns persist
- Oil prices rise as Middle East supply concerns persist
- Oil extends gains as Middle East supply concerns persist
- Oil prices settle slightly higher on supply worries as Trump rejects Iran proposal
- Oil Prices Climb on Continued Impasse in U.S.-Iran Talks
- Oil prices settle slightly higher on supply worries as Trump rejects Iran proposal
- Oil prices settle slightly higher on supply worries as Trump rejects Iran proposal
- Iran Refuses to Soften Demands as Trump Rejects Hormuz Offer
- Iran Refuses to Soften Demands as Trump Rejects Hormuz Offer
- Iran Refuses to Soften Demands as Trump Rejects Hormuz Offer
- Iran Refuses to Soften Demands as Trump Rejects Hormuz Offer
- Oil rebounds after Trump rejects Iran peace deal
- Oil rebounds after Trump rejects Iran peace deal
- Oil gains over 1% as Trump rejects Iranian proposal to reopen Hormuz Strait
- Oil rebounds after Trump rejects Iran peace deal
- Trump Says He Expects Renewed Iran Talks This Week, Axios Says
- Trump Rejects Iran’s Cease-Fire Proposal to Reopen Strait of Hormuz
- Trump Rejects Iran’s Cease-Fire Proposal to Reopen Strait of Hormuz
- Trump Rejects Iran’s Cease-Fire Proposal to Reopen Strait of Hormuz
- Trump rejects Iran’s ceasefire proposal to reopen Strait of Hormuz
- Trump rejects Iran’s ceasefire proposal to reopen Strait of Hormuz
- Trump rejects Iran’s latest proposal to reopen the Strait of Hormuz
- Trump rejects Iran’s latest proposal to reopen the Strait of Hormuz
- Trump rejects Iran’s latest proposal to reopen the Strait of Hormuz
- Iran proposes deal to reopen Strait of Hormuz in 7 days if US meets conditions
- Iran proposes deal to reopen Strait of Hormuz in 7 days if US meets conditions
- Iran proposes deal to reopen Strait of Hormuz in 7 days if US meets conditions
- Iran's Araqchi says now up to US to accept 7-day plan
- Oil prices drop about 3% as US, Iran explore path out of war
- Oil slides as US-Iran truce hopes outweigh Houthi attacks on Saudi Arabia
- Oil prices fall after Iran asks U.S. to return to failed memorandum of understanding from June
- Oil slides as US-Iran truce hopes outweigh Houthi attacks on Saudi Arabia
- Oil Declines as US and Iran Explore Agreement to Reopen Hormuz
- Oil slides as US-Iran truce hopes outweigh Houthi attacks on Saudi Arabia
- Oil Declines as US and Iran Explore Agreement to Reopen Hormuz
- Gulf of Oman ship-to-ship oil transfers reach limit as Saudi exports surge
- Bank of America says Brent crude oil could top $150 a barrel if Iran war disruptions persist
- Iran ready to reopen Strait of Hormuz if US eases military pressure and lifts blockade
- Iran ready to reopen Strait of Hormuz if US eases military pressure and lifts blockade
- Businessweek Daily: Oil Falls on Iran Hopes (Podcast)
- Oil prices slide to 11-day low on hopes of US-Iran diplomacy, Saudi exports
- Oil prices rise as Houthis attack Saudi Arabia, Hormuz talks delayed
- Oil prices rise as Houthis attack Saudi Arabia, Hormuz talks delayed
- Oil prices rise as Houthis attack Saudi Arabia, Hormuz talks delayed
- Oil prices rise as Houthis attack Saudi Arabia, Hormuz talks delayed
- Oil prices near 4-month high as Iran and Oman delay Strait of Hormuz talks
- Oil prices near 4-month high as Iran and Oman delay Strait of Hormuz talks
- Oil prices soar above $108 as Houthis strike Saudi infrastructure
- New Strait of Hormuz ship attack raises oil supply fears as Iran war widens
- Gulf States May Meet Iran Next Week to Discuss Future of Hormuz
- Gulf States May Meet Iran Next Week to Discuss Future of Hormuz
- Gulf States May Meet Iran Next Week to Discuss Future of Hormuz
- Gulf States May Meet Iran Next Week to Discuss Future of Hormuz
- Gulf States May Meet Iran Next Week to Discuss Future of Hormuz
- Oil tanker rates hit record highs following Iran, US shipping attacks
- Oil prices set to end week above $100 for first time in nearly 4 months
- Oil Prices Surge as Fighting in Middle East Escalates
- Saudi Arabia cuts oil output to lowest this year on Houthi threats
- Oil Prices Surge as Fighting in Middle East Escalates
- Shipping traffic via Strait of Hormuz stays below 10-day average, data shows
- WTI surges as US strikes Iranian tankers
- Oil prices rise over 2% as Brent nears $100 amid escalating US-Iran tensions
- Oil prices rise over 2% as Brent nears $100 amid escalating US-Iran tensions
- Oil prices rise over 2% as Brent nears $100 amid escalating US-Iran tensions
- Oil closes in on $100 as renewed supply crunch looms
- Oil prices up as Iran says it will expand control over Strait of Hormuz
- Oil prices up as Iran says it will expand control over Strait of Hormuz
- Oil prices hold near 6-week highs on US-Iran attacks
- Oil prices set for weekly gain as US-Iran hostilities intensify
- Oil prices set for weekly gain as US-Iran hostilities intensify
- Oil Heads for Biggest Weekly Gain Since July on Iran War Risks
- Oil Heads for Biggest Weekly Gain Since July on Iran War Risks
- Oil heads for biggest weekly gain since July as US-Iran hostilities intensify; Brent near $96
- Two More Oil Tankers Are Attacked in the Strait of Hormuz
- Two More Oil Tankers Are Attacked in the Strait of Hormuz
- Two More Oil Tankers Are Attacked in the Strait of Hormuz
- Global oil prices surge above $94 a barrel after the U.S. strikes Iranian targets
- Oil prices rise as latest fighting revives Mideast supply disruption risks
- Oil prices rise as latest fighting revives Mideast supply disruption risks
- Oil prices rise as latest fighting revives Mideast supply disruption risks
- Oil prices rise as latest fighting revives Mideast supply disruption risks
- Crude oil prices gain on fresh US-Iran tensions, supply disruption concerns; Brent above $90 per barrel
- Crude oil prices gain on fresh US-Iran tensions, supply disruption concerns; Brent above $90 per barrel
- Trump weighing limited strikes against Iran to curb Hormuz attacks
- Trump weighing limited strikes against Iran to curb Hormuz attacks
- Trump weighing limited strikes against Iran to curb Hormuz attacks
- Global Oil Price Rises to $90 a Barrel After U.S. and Iran Trade Attacks
- Oil jumps more than 2% after US attack on Iran's Larak island
- U.S. strikes Iranian rocket launchers near Strait of Hormuz
- US launches first strike on Iran in weeks as it hits rocket launchers
- No, Iran is not winning: In Act IV of the war, it’s losing its leverage in Hormuz
- Trump to meet refiners, fuel retailers as Iran war boosts gas prices ahead of midterms, sources say
- Iran war diplomacy turns toward reopening Strait of Hormuz
- Iran war diplomacy turns toward reopening Strait of Hormuz
- Iran war diplomacy turns toward reopening Strait of Hormuz
- Iran sets conditions for reopening Strait of Hormuz, top security official Rezaei says
- Oil Rises on Fresh Doubts Over US-Iran Diplomacy Outlook
- Iran sets conditions for reopening Strait of Hormuz, top security official Rezaei says
- Another Strait of Hormuz tanker attack prolongs energy and shipping disruption risk
- Trading Day: Oil, yields slide
- Iran and Oman discuss joint shipping route in Strait of Hormuz and mine clearing mission
- Oil tanker disabled by attack in Strait of Hormuz even as mediators seek negotiated end to war
- Iran threatens 46 ships in Strait of Hormuz transit crackdown
- Oil prices fall as markets await new US sanctions on Iran
- Oil falls as US prepares to unveil new Iran sanctions
- Oil prices head for second weekly rise as U.S. vows to turn up economic pressure on Iran
- Oil prices march higher as U.S., Iran remain at odds over Hormuz
- Oil prices spike as ships in Strait of Hormuz hit by fresh strikes
- Latest Oil Market News and Analysis for Aug. 19
- 11:11 | Brent crosses $90 as US-Iran war drags on; Trump approval hits presidency low, Indo-MIM jumps 10%
- Trump Shuts the 60-Day Window for Iran Peace Deal
- Crude oil climbs for third straight day as US signals no immediate end to Iran war; Brent above $90 per barrel
- US-Iran Prospects Dim as Trump Seems in No Hurry to Reach Deal
- Oil prices climb, bond yields rise as US-Iran ceasefire expires
- Oil prices climb, bond yields rise as US-Iran ceasefire expires
- Iran says it will escalate if US does not honour deal within weeks
- Iran threatens to go on offensive in Strait of Hormuz if diplomacy with US fails
- Iran threatens to go on offensive in Strait of Hormuz if diplomacy with US fails
- Iran says it will escalate if US does not honour deal within weeks
- Trump threatens to bomb Oman if it ‘gets in the way’ of US-Iran negotiations
- Iran threatens to go on offensive in Strait of Hormuz if diplomacy with US fails
- Iran says it will escalate if US does not honour deal within weeks
- Trump threatens to bomb Oman if it ‘gets in the way’ of US-Iran negotiations
- Oil prices tick higher after strong week as Iran jitters persist
- WTI remains below $80.50 as traders monitor diplomatic efforts to reopen Hormuz
- Iran, US make competing claims over control of Strait of Hormuz
- Oil prices fall after U.S. says crude exports through Hormuz near 9 million barrels per day
- Oil prices fall as investors weigh falling demand against Middle East tensions
- Oil prices drop 1% as weak demand outlook offsets supply uncertainty
- Crude oil prices decline on weaker oil demands despite deadlock in US-Iran talks; Brent near $87 per barrel
- Crude oil prices decline on weaker oil demands despite deadlock in US-Iran talks; Brent near $87 per barrel
- Crude oil holds near six-session highs as Hormuz talks stay deadlocked, IEA flags deficit
- Oil prices lower in seesaw trade as U.S. and Iran wrangle over Hormuz control
- Latest Oil Market News and Analysis for Aug. 13
- Oil's return to $90 puts Hormuz shipping at the center of market risk
- Oil's return to $90 puts Hormuz shipping at the center of market risk
- Oil steadies near one-week highs as US-Iran peace deal hopes dim
- Oil's return to $90 puts Hormuz shipping at the center of market risk
- Oil's return to $90 puts Hormuz shipping at the center of market risk
- Oil's return to $90 puts Hormuz shipping at the center of market risk
- Oil steadies near one-week highs as US-Iran peace deal hopes dim
- Oil steadies near one-week highs as US-Iran peace deal hopes dim
- Oil prices rise, Asia stocks drift amid US-Iran stalemate
- Oil rises on uncertainty over reopening of Hormuz
- Iran issues new demands to reopen the Strait of Hormuz, as Pentagon pushes for more weapons
- Oil rises on uncertainty over reopening of Hormuz
- Iran replaces top security official at crucial moment in talks over Strait of Hormuz
- Oil rises on uncertainty over reopening of Hormuz
- Oil rises on uncertainty over reopening of Hormuz
- Oil rises on uncertainty over reopening of Hormuz
- Oil rises amid uncertainty over U.S.-Iran Strait of Hormuz deal
- Oil rises amid uncertainty over U.S.-Iran Strait of Hormuz deal
- Iran denies any direct talks with U.S. on opening Strait of Hormuz as Houthis claim attack on Saudi refinery
- Iran denies any direct talks with U.S. on opening Strait of Hormuz as Houthis claim attack on Saudi refinery
- Iran denies any direct talks with U.S. on opening Strait of Hormuz as Houthis claim attack on Saudi refinery
- Iran Issues List of Demands, Dampening Hopes of Reopening Strait of Hormuz
- UAE says Iran attacked ADNOC vessel with missile in Strait of Hormuz
- UAE says Iran attacked ADNOC vessel with missile in Strait of Hormuz
- Iran sets conditions for opening Strait of Hormuz after UAE says one of its ships was targeted by airstrike
- Iran sets conditions for opening Strait of Hormuz after UAE says one of its ships was targeted by airstrike
- Iran Issues List of Demands, Dampening Hopes of Reopening Strait of Hormuz
- Tehran says US must ‘rectify its behaviour’ before Iran reopens strait
- What the Iran War Teaches Us about the Price Elasticity of Oil Supply
- Proposed Iran-Oman Hormuz transit plan faces sanctions and insurance obstacles
- Proposed Iran-Oman Hormuz transit plan faces sanctions and insurance obstacles
- Oil Rises as Market Awaits Iran-Oman Hormuz Deal Details
- Oil Rises as Market Awaits Iran-Oman Hormuz Deal Details
- What the Iran War Teaches Us about the Price Elasticity of Oil Supply
- Oil Rises as Market Awaits Iran-Oman Hormuz Deal Details
- Oil Rises as Market Awaits Iran-Oman Hormuz Deal Details
- Oil Rises as Market Awaits Iran-Oman Hormuz Deal Details
- Latest Oil Market News and Analysis for Aug. 6
- The Iran War Revealed China Has a New Oil Weapon
- Oil Holds Three-Day Drop as Iran, Oman Reach Hormuz Agreement
- Oil Holds Three-Day Drop as Iran, Oman Reach Hormuz Agreement
- Iran Says Agreement on Hormuz Shipping Reached With Oman
- Iran Says Agreement on Hormuz Shipping Reached With Oman
- Iran says it has agreed on coordinates of route through Strait of Hormuz with Oman
- Oil prices little changed on negotiations to manage ship traffic in Strait of Hormuz
- Oil prices little changed on negotiations to manage ship traffic in Strait of Hormuz
- Oil prices move higher after Yemen's Iran-backed Houthis claim Saudi tanker strike
- Oil prices move higher after Yemen's Iran-backed Houthis claim Saudi tanker strike
- Oil prices tumble after Bessent says Strait of Hormuz deal may come this week
- Oil prices tumble after Bessent says Strait of Hormuz deal may come this week
- Oil prices tumble after Bessent says Strait of Hormuz deal may come this week
- Oil prices tumble after Bessent says Strait of Hormuz deal may come this week
- Oil prices slump as Qatar and Bessent note talks to reopen Strait of Hormuz
- Oil prices slump as Qatar and Bessent note talks to reopen Strait of Hormuz
- Oil prices slump as Qatar and Bessent note talks to reopen Strait of Hormuz
- Sailors Working in Strait of Hormuz Are Caught in Crossfire of Iran War
- Iran Says No Current Talks With U.S. After Trump Cites Progress on the Strait of Hormuz
- California's diesel prices have jumped since the Iran war started, with ripple effects across the country
- Trump says Exxon and Chevron made 'too much money' off high oil prices during Iran conflict: 'I don't like it'
- Threat to oil tankers in Middle East worst since start of Iran war, analysts say
- Threat to oil tankers in Middle East worst since start of Iran war, analysts say
- Threat to oil tankers in Middle East worst since start of Iran war, analysts say
- Oil Prices Plummet as Investors Digest Pause in Fighting in Iran War
- Oil Prices Plummet as Investors Digest Pause in Fighting in Iran War
- Oil Prices Plummet as Investors Digest Pause in Fighting in Iran War
- US has made a concession to Iran on Hormuz but Iran won't open until the war is over
- Oil Prices Plummet as Investors Digest Pause in Fighting in Iran War
- Oil slides after Trump says talks with Iran will resume
- Oil Prices Plummet as Investors Digest Pause in Fighting in Iran War
- Oil tumbles as Trump cancels attack on Iran to reach nuclear deal
- Oil drops over 4% after Trump calls off planned strike on Iran
- Oil drops over 4% after Trump calls off planned strike on Iran
- Oil Prices Plummet as Investors Digest Pause in Fighting in Iran War
- Oil Prices Plummet as Investors Digest Pause in Fighting in Iran War
- Nides Says Iran War Needs Negotiations
- Oil price rises after Iran says it stops ships in Hormuz
- Investors scored on Iran war's oil market boom. Staying long the trade will get trickier
- Fact-Checking Trump’s Claims About the Effect of the Iran War on Oil Prices, Munitions and More
- Oil prices ease as recovering Hormuz Strait traffic tempers war premium
- Oil prices seen gaining as Middle East supply disruptions persist: Reuters poll
- Oil price rises after Iran says it stops ships in Hormuz
- Oil price rises after Iran says it stops ships in Hormuz