Indian Oil Corporation & Iran
23 shared events · Importance 6 · Last updated May 16, 2026
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Domestic
Indian Oil Corporation: Indian Oil Corporation, a state-run fuel retailer, raised petrol and diesel prices to mitigate losses from high global crude oil prices, impacting its stock performance.
Iran: The conflict involving Iran, triggered by US-Israeli attacks, disrupted shipping through the Strait of Hormuz, leading to higher global crude oil prices that impacted India.
May 15, 2026 · 20 articles
International
Indian Oil Corporation: Indian Oil Corporation is one of the state refiners ordered by India to maximize LPG production and has purchased spot cargoes from the United States.
Iran: Iran is a central party in the conflict, facing a naval blockade and economic sanctions from the United States. Its actions, including restricting the Strait of Hormuz, have caused major disruptions to global oil and gas supplies and its economy is being destroyed by the blockade.
Apr 08, 2026 · 307 articles
Business
Indian Oil Corporation: Indian Oil Corporation Ltd incurred significant under-recoveries due to maintaining fuel prices despite surging input costs, impacting its balance sheet and refining margins.
Iran: Iran's retaliation and closure of the Strait of Hormuz caused Brent Crude prices to jump, amplifying volatility in energy markets.
Apr 29, 2026 · 16 articles
Domestic
Indian Oil Corporation: Indian Oil Corporation, a state-owned oil firm, is incurring significant losses due to the freeze in retail petrol and diesel prices despite rising global crude oil costs. It has, however, increased prices for commercial LPG and jet fuel.
Iran: Iran's retaliation to attacks by the United States and Israel led to the effective shutdown of the Strait of Hormuz, a critical energy artery, causing international crude oil prices to surge.
May 01, 2026 · 10 articles
International
Indian Oil Corporation: Indian Oil Corporation will explore expanded LPG supply and trading opportunities with Abu Dhabi National Oil Company.
Iran: The ongoing war involving Iran has disrupted global energy markets and transportation in the Gulf, influencing the strategic partnerships formed by other nations in the region.
May 15, 2026 · 6 articles
Regulatory
Indian Oil Corporation: Indian Oil Corporation, as one of the state-run oil marketing companies, is responsible for reviewing and implementing LPG price revisions based on international benchmarks.
Iran: Iran's conflict with the US-Israel alliance contributes to geopolitical tensions in West Asia, disrupting energy supplies and impacting global fuel prices.
May 01, 2026 · 17 articles
International
Indian Oil Corporation: Indian Oil Corporation, India's largest refiner, bought 2 million barrels of Iranian oil, its first purchase in seven years, and settled the payment through ICICI Bank using China — Renminbi. It does not plan further Iranian oil purchases.
Apr 17, 2026 · 9 articles
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