Potential impact on India from a renewed US-Iran conflict
If the conflict between Iran and the US restarts and leads to a closure of the Strait of Hormuz, it could mirror or even surpass the crisis seen in March 2026, potentially driving global oil prices to between $120 and $130 a barrel. Increased crude costs would inflate India's import expenses, raise fuel prices, and trigger higher inflation, while also putting pressure on the rupee. These soaring energy costs would likely lead to a sharp rise in the prices of fuel, food, and fertilizers.
by shortkt.com✓