Risks to India Amid the Middle East Conflict

Rising tensions between Iran and Israel threaten India’s energy security, potentially driving up oil prices and fueling inflation. Experts warn that if oil prices increase to $100 per barrel, both wholesale and retail inflation could rise, though the impact on retail inflation may be moderated by oil marketing companies (OMC). However, the price escalation would need to persist for at least nine months to significantly impact India.

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