HPCL Struggles to Secure Tankers for Hormuz Transit as Shipowners Balk

Indian refiner HPCL reports persistent difficulty hiring tankers for Gulf loadings despite crude flows through the Strait of Hormuz recovering to near pre-war levels. Shipowners are making last-minute refusals to transit the strait, indicating residual war-risk perceptions that keep freight costs elevated and complicate supply chains. The bottleneck is vessel availability, not crude supply, and could sustain regional crude price differentials.

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