Strait of Hormuz Risk Complicates HPCL’s Tanker Bookings as Gulf Shippers Reroute Cargo
Rising security risks around the Strait of Hormuz are beginning to disrupt crude and product logistics for Indian refiners, with Hindustan Petroleum Corp. Ltd. facing fresh challenges in securing tanker bookings. Gulf producers are increasingly moving exports on their own vessels and transferring cargo to customers outside the waterway, a workaround that underscores how quickly shipping patterns are adapting to the crisis.
