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Indian Oil Corp. Buys Record Spot Crude Share in Q2 as US-Iran Conflict Hits Mideast Supply
svmuu.com01/08/2026 06:30
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Indian Oil Corp. (IOC) purchased a record share of its crude oil from the spot market during the April-June quarter. This shift comes as the US-Iran conflict has disrupted traditional supplies from the Middle East, forcing even the region’s biggest buyers to alter their long-established procurement strategies.
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