"west-asia-conflict"

Oil marketing companies incurred losses of Rs 74,781 crore by selling petrol, diesel and LPG below cost until June 30, Petroleum Minister Hardeep Singh Puri said. He indicated fuel price cuts could be considered if global crude oil prices remain low

NITI Aayog vice chairman Ashok Kumar Lahiri said India must diversify its energy sources in light of the West Asia conflict. He described the crisis as a short-term disruption and stressed the need for broader trade and energy security strategies

Agreements that postpone difficult questions can create opportunities for peace, but they can also defer crises rather than solve them

India diversified LPG imports during the West Asia conflict by increasing supplies from the US, Iran and other nations to reduce Gulf dependence. Despite higher global prices and freight costs, fuel retailers absorbed losses to protect households from steep domestic price hikes

Prime Minister Narendra Modi, addressing the G7 summit in Evian, France, welcomed progress in peace efforts in West Asia. He highlighted the disruption of maritime trade in the Strait of Hormuz, stressed the importance of dialogue and diplomacy, and called for rebuilding global trust through solidarity and cooperation.

US-Iran peace deal raises hopes, but the war’s unpredictable twists and turns cast doubt on its chances of success

Prime Minister Narendra Modi welcomed the US-Iran understanding to end the 107-day West Asia conflict, expressing hope that its implementation will restore regional peace, stability, and freedom of navigation. He also urged continued dialogue to achieve a sustainable resolution to remaining issues

Gold and silver prices declined on domestic and international markets amid shifting investor sentiment over the West Asia conflict. Easing safe-haven demand and expectations of prolonged higher US interest rates weighed on bullion, while crude oil prices surged sharply

RBI's policy direction is unambiguous to attract dollars rather than tighten liquidity conditions through rates

Prime Minister Narendra Modi met Economic Advisory Council members to discuss measures for sustaining India’s economic growth amid global challenges. The council reviewed reforms to improve ease of living and business, and assessed the potential impact of the West Asia conflict on India and the world

RSS chief Mohan Bhagwat, addressing a volunteer training camp in Nagpur, declared that "India’s time has come" as the world struggles with conflicts, rising oil prices, and systemic confusion.

The RBI announced a record Rs 2.87 lakh crore dividend to the government for FY26, boosting finances amid the West Asia conflict. The Central Board also raised the Contingent Risk Buffer, as rising energy prices and rupee depreciation strain imports

The RBI Bulletin said India’s near-term economic outlook remains clouded by supply-side pressures and risks arising from the West Asia conflict. However, domestic demand, strong services exports and policy measures are expected to help the economy withstand global uncertainties and external challenges

The West Bengal health department warned hospitals about shortages of saline, paracetamol and other essential medical supplies due to the West Asia conflict disrupting global supply chains, freight movement and packaging material availability, prompting authorities to allow emergency procurement under the non-catalogue category

The Barakah incident may not have triggered a nuclear disaster, but it serves as a warning that the Gulf’s geopolitical rivalries are becoming more complex, more localised and potentially more unpredictable

Punjab Chief Minister Bhagwant Mann criticised the Centre over rising fuel prices, alleging that the Union government would blame the West Asia conflict for its failures. He also accused the Centre of pushing the country towards an undeclared lockdown and hiding economic realities

An LPG vessel carrying 20,000 metric tonnes reached Gujarat’s Kandla port after safely crossing the Strait of Hormuz amid West Asia tensions. India highlighted threats to shipping safety and urged protection of navigation routes as regional conflict disrupts global energy supply chains

External Affairs Minister S. Jaishankar met Iranian FM Seyed Abbas Araghchi in New Delhi during the BRICS 2026 summit. The leaders discussed the volatile West Asia situation, maritime security in the Strait of Hormuz, and bilateral cooperation amid surging global energy prices.

Andhra Pradesh Chief Minister N Chandrababu Naidu said the state government will soon announce precautionary measures to reduce the impact of the West Asia conflict. He also urged people to avoid unnecessary gold purchases and foreign travel and focus on economic self-reliance

Piyush Goyal urged Indian industry to treat global disruptions as a wake-up call for self-reliance, productivity and innovation. He emphasised reducing import dependence, accelerating EV adoption, leveraging AI, and boosting exports to strengthen India’s economy amid global uncertainty