IND VS WORLD
The 2026 Iran War has disrupted the Strait of Hormuz, through which ~50% of India’s crude oil and nearly 90% of LPG imports pass.
Result: Rising fuel prices, LPG shortages hitting restaurants & households, and higher transport costs for everyone.
India is now prioritising domestic LPG production for citizens.
Oil prices spiking due to the Iran conflict are widening India’s current account deficit and putting pressure on the Rupee.
Economists warn of 0.5-1% lower GDP growth, higher inflation, and increased subsidy burden if the war drags on.
Govt is pushing fuel conservation and diversifying energy sources.
How long can India’s buffers hold.
Beyond energy: The Iran War is testing India’s multi-alignment diplomacy.
New Delhi is balancing ties with Israel, Gulf nations, and maintaining strategic interests like Chabahar Port.
Recent defence & energy pacts with UAE show India’s push to secure alternatives.
Long-term lesson for energy security?
#IndiaForeignPolicy #IranWarImpact