Israel-Iran War: India May Suffer Huge Losses if War Intensifies

Israel-Iran War: Iran has made it clear that it would not give up the fight against Israel. Ayatollah Ali Khamenei, the Supreme Leader, has declared that Israel will face another attack if needed. According to the Supreme Leader, Iran will keep backing Hamas and Hezbollah.

Affect on India Due to Middle East War

The conflict between Russia and Ukraine, Israel and Hamas, and Iran continued. Iran declared war on Israel by firing dozens of missiles. Although this conflict is fought hundreds of kilometers away, it will have a direct impact on India and its people. India imports oil from Iran, which will certainly be impacted. The day Iran fired missiles at Israel, the global crude oil price jumped by 4%. It is evident that the stress on India's import bill, which accounts for 85 percent of crude oil imports, would increase.