US-Israel-Iran war hits oil supplies: How India is preparing for the economic fallout

 The geopolitical strain has pushed up global oil and gas prices. For India, which relies heavily on imports, this surge translates into a higher import bill and adds to inflationary pressures. India depends on overseas purchases for almost 90 per cent of its crude oil needs. The geopolitical strain has pushed up global oil and gas prices. For India, which relies heavily on imports, this surge translates into a higher import bill and adds to inflationary pressures. India depends on overseas purchases for almost 90 per cent of its crude oil needs.