With 25 days of crude and fuel stocks, plus strategic reserves and diversified imports, India is confident of maintaining supplies even if the West Asia crisis continues, a top oil ministry official said
Indian carriers including IndiGo and SpiceJet are operating special relief flights from the Middle East after airspace disruptions linked to regional tensions led to 357 cancellations, with the government coordinating restoration and passenger assistance efforts
US Secretary of State Marco Rubio said Washington has prepared measures to counter rising oil prices and protect shipping lanes while continuing strikes on Iran’s missile and naval assets, ruling out ground forces and emphasising limited objectives.
Indian equity markets opened sharply lower as escalating tensions involving the US, Israel and Iran triggered global risk-off sentiment. Sensex and Nifty fell over 1 per cent, while crude oil surged and Asian markets traded in the red amid war concerns.
