Indian Oil Corp cancels Iraq oil lifting amid Hormuz attacks, sources say

Indian Oil Corp cancelled lifting Iraqi oil from Basrah Oil Terminal. Increased risks and attacks in the Strait of Hormuz prompted this decision. Mangalore Refinery and Petrochemicals Ltd also cancelled similar oil lifting plans. India advised shipowners against deploying seafarers through the Strait of Hormuz. Vessels must remain vigilant about the security situation in the Persian Gulf.