Indian state-owned refiners are facing the most significant supply uncertainty in months, according to people with direct knowledge of the trade, as the impact of a drawn-out conflict in the Middle East is compounded by the prospect of tighter US restrictions on Russian purchases.
Oil supplies through the Strait of Hormuz have been disrupted since the end of February, but Saudi Arabia was last week forced to close a crucial workaround — the East-West pipeline — after drone attacks, impacting more than 400,000 barrels a day of flows to India alone.
