Middle East conflict disrupts global energy markets and trade. India's Defence Minister Rajnath Singh convened an urgent meeting with top military officials to assess the escalating US-Iran tensions that have now entered their fourth week. The conflict has severely impacted crude oil and gas supplies, creating significant economic concerns for India and the broader global economy. Trade routes through the Strait of Hormuz face ongoing disruptions following military strikes and retaliatory attacks. Prime Minister Modi addressed Parliament, highlighting the unprecedented economic and security challenges posed by the crisis. India relies heavily on West Asian oil and gas imports, making regional stability critical for domestic energy security and economic growth.
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