With the US inserting itself in the Israel-Iran conflict, more uncertainty grips the world. The Islamic Republic has threatened to close the Strait of Hormuz, a key oil supply route. With global oil prices rising, will India feel the pinch? What else should the everyday Indian be worried about with no end to the war in sight?
It’s a jittery Monday. A day after the US struck nuclear sites in Iran, there are concerns about disruption in the energy markets, even more so after Iran’s parliament approved a motion calling for the closure of the Strait of Hormuz, the oil artery of the world. While the final call on this crucial oil supply route will be taken by Iran’s Supreme National Security Council, oil prices on Monday hit a five-month high before easing and Asian markets slid. India will be impacted as uncertainty continues over the US and Iran’s next movie.
New Delhi has stakes in both Israel and Iran, and a prolonged conflict could hit everything from oil supply, trade and the rupee. We analyse how prepared India is for the fallout from the West Asia crisis.
© Copyright 2025 The SSResource Media.
All rights reserved.