Indian Refiner MRPL Halts Fuel Export as Iran War Hits Feedstock

India’s Mangalore Refinery and Petrochemicals Ltd. has told customers it will suspend oil product exports, as a widening conflict in the Middle East disrupts crude shipments from the Persian Gulf.

The state-owned refiner, which operates a 300,000-barrel-a-day plant in the southern Indian state of Karnataka, relies on imported crude to refine into fuels for sale. It informed clients on Wednesday that it may not be able to receive crude deliveries, which in turn means it may not honor its own commitments, people familiar with the matter said.