Indian Oil Corp. bought a record share of its crude oil from the spot market in the April‑June quarter after the US‑Iran conflict upended supplies from the Middle East. The shift shows how geopolitical turmoil is forcing even the region’s biggest buyers to abandon long‑established procurement strategies.

The company’s purchase of spot crude in the quarter underscores the volatility of global supply chains. With shipping lanes and pipeline access disrupted by sanctions and military tensions, Indian Oil’s strategy pivots toward immediate, flexible sourcing rather than long‑term contracts.

Analysts note that this move is part of a broader trend among majors to diversify risk. The April‑June quarter data reveal that the company sourced significantly more crude from the spot market than in previous periods, a first for India’s largest state‑owned oil firm.

As the Middle East continues to face sanctions‑driven uncertainty, Indian Oil’s decision highlights how even large, long‑standing buyers are reshaping procurement strategies to maintain supply security.