Prime Minister Narendra Modi on Friday made oblique reference to the widening conflicts in the Middle East and the ongoing Russia-Ukraine war, saying the two regions were crucial for the global economy and energy security. His comments came amid fears of further escalation of conflict in the Middle East if Israel were to retaliate and attack Iran, potentially its nuclear and oil facilities.
“India is more than 85 per cent dependent on the import of crude oil, which is converted into fuels like petrol and diesel, and about half of its gas needs. A bulk of these come from the Middle East, and in scenarios of Israel-Iran getting into prolonged conflict, the supplies could be impacted,” PM Modi said.
