Indian Oil Corp. bought a record share of its crude oil from the spot market in the April-June quarter after the US-Iran conflict upended supplies from the Middle East. The shift shows how geopolitical turmoil is forcing even the region’s biggest buyers to abandon long-established procurement s...
Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-08-01/indian-oil-buys-record-spot-market-crude-on-mideast-supply-hit)