India's biggest state refiners are no longer willing to gamble on the Strait of Hormuz. Indian Oil Corp. and Mangalore Refinery & Petrochemicals have suspended crude loadings from Iraq after a string of attacks on commercial tankers turned the world's most important oil chokepoint into an increasingly expensive and dangerous place to do business. According to Bloomberg, Indian Oil abandoned plans to load the VLCC Lila Jamnagar, concluding that sending a fully laden 2-million-barrel tanker through Hormuz was no longer worth the risk. Does anyone want to sail through Hormuz to pick up oil, assuming it is available in the first place. The country's shipping ministry has already instructed shipowners and recruitment agencies not to deploy Indian seafarers on vessels transiting Hormuz until further notice.