Due to the war between Iran and Israel for the last five days, the crisis is being deepened on the whole world including the Middle East. The ongoing struggle between the two countries is also going to affect the pockets of Indian people. Many sectors of India are going to be affected by this.
Let us understand how the Iran-Israel war will affect India.
Crude oil shock: prices are already increasing
Crude oil prices are continuously increasing. However, India does not buy much oil directly from Iran. But Iran is a major player in the global oil market.
After the war that started between the two countries, crude oil prices have increased by 11 percent. Brent crude has reached $ 75.32 per barrel.
What will happen next?
Experts say that if the war between the two countries continues, then the price of Brent crude can reach $ 120 per barrel. Due to which inflation will also increase in India. This means that despite the efforts of the government, fuel will become expensive.
Also read: Iran will be heavy on G7 … America will jump in the war of middle East!
Hormuz Strait: A small way, big effect
Hormuz Strait – This waterway is quite narrow near Iran. This waterway leads to one third of the world’s sea oil. This path is important for India. Because India’s two-thirds of oil and half LLG supply is supplied from the way.
If this route is closed, then there will be a shortage of oil, delay in shipping and prices will rise.
What things can be expensive in India?
If the war between Iran-Israel continues, then many things can be expensive in India.
- Electronic goods like mobile, laptop
- Manure – causing crop and food prices
- Chemical products, plastic and industrial salt
- Fruits, nuts and edible oils
- Iron and machines
- Gold-silver and precious stones ornaments
How do India have relations with Iran-Israel?
India has good relations with both Iran and Israel. Because India keeps coordination with both countries.
Defense equipment, chemicals, compost and electronic goods are mainly traded between India Israel.
At the same time, oil, chemicals, salt, fruits and cement are mainly traded between Iran and India.
What do the latest figures say?
Between March 2024 to 2025, Iran’s export from India increased by 47.1 percent and Iran has reduced by 23.6 percent.
Direct effect for Indians
If the war continues, the prices of petrol and diesel will increase. Transport will be expensive, which will increase the prices of things used in everyday. Electronic goods will become expensive. Due to the expensive fertilizer, the price of fruits and vegetables will also be affected.
Also read: The fire of war spread from Tehran to Tel Aviv … What will happen to Israel-Iran war on a dreadful turn?
What do experts say?
ORF Vice President Harsh V Pant says that if the war between Israel and Iran continues, then oil prices in India will increase. This will directly affect the pockets of common people. The countries of G7 have spoken of reducing tension between Iran-Israel. However, no concrete solution was said. Which clearly means that the situation is not going to improve right now.