According to CoinMeta, Indian refiners are renting oil tankers to cross the Strait of Hormuz and load crude oil from the Persian Gulf. This move marks a shift in strategy for Indian refiners. Since the beginning of the US-Iran war, Indian refiners have been avoiding arranging for their own rented tankers to cross the Strait of Hormuz due to the risk of attacks, relying instead on oil-producing countries in the Gulf region and international traders to bear that risk. Recently, Indian Oil Corporation, Reliance Industries, and HPCL - Mittal Energy have purchased Iraqi crude oil through bidding, with Indian Oil Corporation buying 2 million barrels of Iraqi crude oil to be delivered in October. Such transactions require the buyers to be responsible for arranging the shipping of the goods to their destinations.