India imports around 85 per cent of its crude oil requirement, and a surge in oil prices leads to an increase in its oil import bill and pushes up the rate of inflation, which hurts economic growth. The larger outgo of foreign exchange also leads to a weakening of the rupee vis-a-vis the US dollar.
Israeli military’s chief spokesman, Brig. Gen. Effie Defrin, said the army had been told by Chief of Staff Lt. Gen. Eyal Zamir to be prepared for a “prolonged campaign” to destroy its targets, including nuclear sites, enrichment facilities and missile infrastructure.
Trump said he also explained to the Russian President that the Russia-Ukraine war "should also end" during the one-hour call, Xinhua news agency reported.
In a statement, the Ministry of External Affairs said, "We are seriously concerned at the escalation of hostilities between Isreal and Iran which threatens the peace and security in the region."