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Indian Oil to Cut Middle Eastern Crude Purchases Amid Iran War Disruptions

By Uniquetimesorg October 21, 2026 0

Indian Oil Corporation (IOC), India’s largest refiner, plans to slightly reduce crude oil purchases from Middle Eastern producers under annual supply agreements for 2027/28, according to Reuters on October 21, 2026. The decision comes amid uncertainty over regional supplies due to the ongoing Iran war. IOC had planned to source around 47% of its crude […]Continue Reading

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Engineers India Eyes Middle East Projects to Bypass Hormuz

By Uniquetimesorg September 19, 2026 0

Engineers India Ltd expects new business opportunities from infrastructure projects planned by the UAE and Saudi Arabia to reduce dependence on the Strait of Hormuz, which has been largely shut since the start of the Iran war. The state-run engineering and consultancy company is in discussions with clients in both countries over planned oil infrastructure, […]Continue Reading

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HPCL, MRPL Seek Up to 6 Million Barrels of Crude Oil

By Uniquetimesorg August 12, 2026 0

India’s state-run refiners Hindustan Petroleum Corp (HPCL) and Mangalore Refinery and Petrochemicals Ltd (MRPL) are seeking up to a combined 6 million barrels of crude oil through spot tenders, according to documents reviewed by Reuters. The purchases come amid continued uncertainty in global oil shipping routes. HPCL is looking to import up to 4 million […]Continue Reading

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India Halts Seafarer Deployments Through Hormuz

By Uniquetimesorg July 16, 2026 0

India has directed shipowners, ship managers, and recruitment agencies to stop deploying Indian seafarers on vessels passing through the Strait of Hormuz until further notice. The order comes as security risks in the region escalate following renewed fighting and recent attacks on commercial ships. The Directorate General of Shipping said the decision was taken to […]Continue Reading

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Freight Rates for Russia’s Urals Oil Shipments to India Drop as Tanker Availability Improves

By Uniquetimesorg July 11, 2026 0

Freight rates for transporting Russia’s Urals crude oil to India have declined in July as more oil tankers became available and seasonal demand eased, according to industry sources. The drop in shipping costs offers some relief to Russian oil exporters, who have been facing lower profit margins due to weaker demand for Urals crude in […]Continue Reading

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India’s U.S. LPG Imports Hit Record High Amid Middle East Supply Disruptions

By Uniquetimesorg June 23, 2026 0

India’s imports of liquefied petroleum gas (LPG) from the United States are expected to exceed 1 million metric tons in June, reaching a record high as New Delhi seeks alternative supplies amid disruptions in the Middle East. Before the Strait of Hormuz closure, India sourced nearly 90% of its LPG imports from Gulf producers, but […]Continue Reading

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Strait of Hormuz Reopens: 34 India-Bound Ships Prepare for Safe Passage Following US-Iran Peace Deal

By Uniquetimesorg June 16, 2026 0

Maritime traffic has resumed in the Strait of Hormuz following a recent truce and plans for a comprehensive peace treaty between the US and Iran, scheduled for signing on June 19. US President Donald Trump announced that commercial vessels and oil tankers have begun moving safely along a designated Southern “Highway.” This breakthrough was marked […]Continue Reading

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India Faces Rising Economic Strain from Iran War

By Uniquetimesorg June 9, 2026 0

India’s economy is coming under increasing pressure as the ongoing Iran conflict disrupts global energy supplies and drives up oil prices. As the world’s third-largest oil importer, India relies on imports for nearly 90% of its crude oil needs, making it highly vulnerable to prolonged disruptions around the Strait of Hormuz. Economists warn that higher […]Continue Reading

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India Warns of Inflation Risks from Weak Monsoon and Rising Fuel Costs

By Uniquetimesorg May 30, 2026 0

India’s finance ministry has warned that retail inflation could accelerate in the coming months due to rising fuel prices and weaker-than-normal monsoon rains. The ministry said ongoing energy supply disruptions linked to the Middle East conflict, particularly uncertainties surrounding the Strait of Hormuz, remain a key risk to the country’s inflation outlook. The report Continue Reading

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India’s EXIM Bank Plans $10.5 Billion Fundraise Amid Global Uncertainty

By Uniquetimesorg May 12, 2026 0

Export-Import Bank of India plans to raise nearly 995 billion rupees ($10.5 billion) during fiscal 2027 through domestic and overseas borrowings, as the lender aims to strengthen its funding base and support export financing. Managing Director Harsha Bangari said improved investor confidence, reflected in tighter bond spreads, has encouraged the bank to explore Continue Reading