India Seen Making Slow Return to Mideast Oil as Hormuz Reopens

India’s state-run refiners have already secured enough crude for the next two months and are in no rush to resume purchases from the Middle East even if the Strait of...

By Rakesh Sharma, Yongchang Chin · Bloomberg Markets

India’s state-run refiners have already secured enough crude for the next two months and are in no rush to resume purchases from the Middle East even if the Strait of Hormuz reopens to commercial traffic.