Snapshot from Aug 13, 2026 at 07:00 UTC. For live data and tracking: View Live
Events / Geopolitical / MRPL avoids Red Sea, Hormuz routes
International supply disruption

MRPL avoids Red Sea, Hormuz routes

Analysis based on 12 articles · First reported Jul 21, 2026 · Last updated Jul 27, 2026

Sentiment
-40
Attention
6
Articles
12
Market Impact
General
Live prominence charts, article sentiment distribution, and event development timeline available on the Ergen Dashboard
Market Impact

The disruption of two key oil shipping routes has driven physical crude prices to two-month highs, but hopes of US-Iran diplomacy caused a 7% drop in oil prices. Indian refiners face increased supply risk, potentially raising import costs.

oil and gas shipping
Event Summary

India's state-owned Mangalore Refinery and Petrochemicals Limited Ltd (MRPL) issued a spot tender for up to 1 million barrels of crude oil, for the first time asking suppliers to avoid the Red Sea and the Strait of Hormuz due to disruptions. The Houthis, aligned with Iran, have attacked Saudi oil installations along the Red Sea, expanding the US-Iran conflict that has already choked oil supply through the Strait of Hormuz. The clause is precautionary and will remain if the Middle East situation does not improve. Meanwhile, US ambassador Mike Waltz indicated that Donald Trump paused US attacks to allow diplomacy, raising hopes of a diplomatic path. Oil prices fell 7% on the news, with Brent Crude below $90 and WTI at $82.

Key Actions
81 Iran threatened closing
80 Donald Trump announced halt Iran
80 Indian Oil Corporation suspended oil loadings
75 India — Ministry of Ports, Shipping and Waterways rejected reports
74 Houthis announced maritime embargo Saudi Arabia
73 Brent Crude fell sharply
73 West Texas Intermediate remained below
70 United States paused attacks Iran
60 Mangalore Refinery and Petrochemicals Limited issued tender
50 Iraq — Ministry of Oil (Iraq) acknowledged canceled loadings
Entities Involved
stock
Mangalore Refinery and Petrochemicals Limited
MRPL is the first Indian refiner to include a clause avoiding Red Sea and Hormuz routes in its spot tender, reflecting heightened supply risk. The company's precautionary measure may increase procurement costs.
Importance 90.0 Sentiment -20.0
mil
Houthis
The Houthis have disrupted Red Sea traffic by attacking Saudi oil installations, aiming to blockade Saudi exports and escalating the US-Iran conflict.
Importance 80.0 Sentiment -60.0
cnt
Saudi Arabia
Saudi oil exports are targeted by Houthi attacks, leading to reduced Red Sea traffic and potential supply constraints.
Importance 70.0 Sentiment -30.0
cnt
United States
The US has paused attacks on Iran to allow diplomacy, according to ambassador Mike Waltz, raising hopes for de-escalation.
Importance 70.0 Sentiment 20.0
cnt
Iran
Iran is aligned with the Houthis and involved in the conflict with the US that has choked oil supply through the Strait of Hormuz.
Importance 60.0 Sentiment -50.0
cnt
India
India's state-owned refiner MRPL is directly affected by the disruption, potentially increasing energy import costs for the country.
Importance 60.0 Sentiment -10.0
per
Donald Trump
Trump paused US attacks on Iran to allow diplomacy, according to Mike Waltz, contributing to oil price drop.
Importance 50.0 Sentiment 30.0
loc
Strait of Hormuz
The Strait of Hormuz is a critical oil chokepoint where supply has been choked by the US-Iran conflict.
Importance 50.0 Sentiment -30.0
stock
Oil and Natural Gas Corporation
ONGC is the parent company of MRPL. The disruption may affect its subsidiary's operations and profitability.
Importance 50.0 Sentiment -10.0
loc
Red Sea
The Red Sea is a key oil shipping route disrupted by Houthi attacks, leading to reduced vessel traffic.
Importance 50.0 Sentiment -30.0
cmdt
Brent Crude
Brent Crude fell 7% on hopes of US-Iran diplomacy, trading below $90 per barrel.
Importance 40.0 Sentiment 20.0
cmdt
West Texas Intermediate
WTI fell 7% on the same news, trading at $82 per barrel.
Importance 40.0 Sentiment 20.0
cnt
Yemen
Yemen is the base of Houthi operations, and the conflict there disrupts Red Sea shipping.
Importance 30.0 Sentiment -40.0
per
Mike Waltz
Waltz announced the pause in US attacks and expressed hope for a diplomatic path.
Importance 30.0 Sentiment 10.0
priv
Kpler
Kpler provided shipping data showing reduced vessel traffic through Bab el-Mandeb.
Importance 20.0 Sentiment 0.0
+ 2 more entities View on Dashboard
Relationships
Mangalore Refinery and Petrochemicals Limited related ↔ United States
Mangalore Refinery and Petrochemicals Limited related ↔ Iran
Mangalore Refinery and Petrochemicals Limited related ↔ India
Mangalore Refinery and Petrochemicals Limited related ↔ Oil and Natural Gas Corporation
Houthis related ↔ Saudi Arabia
Houthis related ↔ United States
Houthis related ↔ Iran
Houthis related ↔ India
Houthis related ↔ Donald Trump
Saudi Arabia strategic allies ↔ United States Saudi Arabia views the United States as a crucial strategic ally and security guarantor, engaging in joint military acti
Saudi Arabia regional adversary ↔ Iran Saudi Arabia perceives Iran as a hostile regional adversary, actively defending against Iran-backed attacks on its terri
Saudi Arabia related ↔ India
Saudi Arabia related ↔ Donald Trump
United States at war ↔ Iran The United States is currently at war with Iran, conducting sustained airstrikes and enforcing a naval blockade, while f
United States strategic partners ↔ India The US considers India a key strategic partner in the Indo-Pacific, pursuing extensive defense and technology cooperatio
+ 7 more relationships View on Dashboard
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