Strait of Hormuz attacks and the rising cost of moving oil

Rising ship attacks. Soaring tanker freight costs. A changing oil procurement strategy.

The Strait of Hormuz crisis is putting pressure on global oil shipping, prompting India’s HPCL to rethink how it buys crude.

In this episode of Business of Cargo, Lata Sharma explores the growing risks and costs of moving oil by sea and what they mean for India’s energy supply chain.