India plans to reduce its reliance on Middle Eastern oil

```htmlGolden Ten Data reported on June 30 that, according to informed sources, after the conflict in Iran triggered supply disruptions, India's state-owned refiners are planning to reduce their reliance on the Middle East and turn more to other sourcing channels, including purchases from the spot market. The sources said that the refiners are seeking to cut the amount of crude oil purchased from Middle Eastern producers under long-term contracts. They indicated that the refiners are considering options such as increasing spot trading and establishing supply arrangements with traders who source crude oil from multiple regions, to ensure stable deliveries even if another major supply interruption occurs.```