Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › World News › India Plans to Cut Reliance on Middle East Oil After War Shock
World News

India Plans to Cut Reliance on Middle East Oil After War Shock

India Plans to Cut Reliance on Middle East Oil After War Shock
Bloomberg Markets Tuesday 30 June 2026, 09:36 UTC By Sudhi Ranjan Sen, Rakesh Sharma 1 min read
Key Points

Energy India Plans to Cut Reliance on Middle East Oil After War Shock India’s state oil refiners are planning to reduce their reliance on the Middle East following the supply shock of the Iran war, and will lean more heavily on alternative options including through spot-market purchases, according to people familiar with the matter. Processors are seeking to trim the volume they buy from producers in the Middle East under long-term contracts, said the people, who asked not to be identified...

Energy India Plans to Cut Reliance on Middle East Oil After War Shock India’s state oil refiners are planning to reduce their reliance on the Middle East following the supply shock of the Iran war, and will lean more heavily on alternative options including through spot-market purchases, according to people familiar with the matter. Processors are seeking to trim the volume they buy from producers in the Middle East under long-term contracts, said the people, who asked not to be identified as the discussions are not public.
India (LOCATION) Middle East (LOCATION) the Middle East (LOCATION) the Iran war (EVENT)
Originally published by Bloomberg Markets Read original →

Related Stories

Iran Demands Greater Control of Hormuz as Talks Resume

Jun 30th, 2026 Iran Demands Greater Control of Hormuz as Talks Resume Iran reiterated its determination to oversee and control maritime traffic through the Strait of Hormuz ahead of a fresh round of talks in Qatar on formally ending its war with the US. Tyler Kendall reports on Bloomberg Television.

Bloomberg Markets 6m ago

US envoys Witkoff and Kushner land in Qatar for fresh Iran war talks

Qatar said Trump's envoys arrived on Tuesday to meet mediators on "all regional issues," as Tehran confirmed sending its own delegation to Doha this week but denied agreeing to meet US counterparts "at any level". The visit follows four days of strikes in the Strait of Hormuz that paused on Monday. US Middle East envoy Steve Witkoff and senior adviser Jared Kushner arrived in Doha to meet Qatari mediators, the Gulf state's foreign ministry said on Tuesday, as Washington's negotiating team...

Euronews 14m ago

Record heat expected in Hong Kong this year as ‘super’ El Nino threatens: Observatory

This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. Hong Kong’s weather forecaster has warned of record high temperatures this year and next, with a developing El Nino potentially becoming the strongest on record.

South China Morning Post 20m ago

English Premier League refereeing body rebrands as Pro Ref

English Premier League refereeing body rebrands as Pro Ref June 30 : Professional Game Match Officials (PGMO), English soccer's professional refereeing body, has rebranded to Professional Game Referees, or Pro Ref, England's Football Association said on Tuesday. Backed by increased funding from the Premier League, the English Football League (EFL), the FA and Women's Super League under a three-year agreement, Pro Ref will expand programmes to develop refereeing talent, it said in a...

Channel News Asia 21m ago