Israel-Iran Conflict Sparks Economic Ripples: Rising Oil Prices and Inflation Threaten Indian Households0

• Economy, Government, International, News
• June 20, 2025

The ongoing conflict between Israel and Iran has significant implications for the Indian economy, primarily through rising global crude oil prices, which directly affect India’s import bill as the country relies on imports for over 80% of its oil needs. A surge in oil prices leads to increased petrol, diesel, and cooking gas costs, pushing