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India's IOC Accelerates Spot Oil Buying as Middle East Crisis Deepens

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India's IOC Accelerates Spot Oil Buying as Middle East Crisis Deepens

🛢️ NEW DELHI — India's state buyer is sprinting to market. That tells you who they don't trust to deliver. 📌 LOOK CLOSER: IOC spot-buying surge signals India has abandoned confidence in term contract reliability — sellers or routes, or both. With Hormuz at 10% transit and shadow fleet leaking off Oman, long-term delivery guarantees are fiction. India absorbing more spot cargo also tightens the same market Europe is raiding for alternatives.

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