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India's MRPL Shifts to Delivered Oil Contracts Amid Iran War Shipping Risk

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India's MRPL Shifts to Delivered Oil Contracts Amid Iran War Shipping Risk

🛢️ ENERGY — India's refiners are quietly repricing who bears the Hormuz risk. 📌 LOOK CLOSER: Switching to delivered contracts transfers shipping risk to sellers — meaning Indian refiners no longer absorb Hormuz disruption costs. With 158 vessels queued and insurance premiums spiking, this reshapes who pays the war premium. Gulf exporters now carry that exposure, compressing their margins precisely as Epic Fury threatens to close the strait entirely.

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