Iran-Israel tensions impact on India: Prime Minister Narendra Modi has convened an urgent meeting of the Cabinet Committee on Security (CCS) to address the escalating crisis in West Asia. With tensions mounting between Iran and Israel, India is bracing for the potential impact on its oil supply and trade.Key ministers present at high-level meetingThe meeting was attended by senior officials, including Home Minister Amit Shah, Defence Minister Rajnath Singh, Foreign Minister S. Jaishankar, Finance Minister Nirmala Sitharaman, and National Security Adviser Ajit Doval. The agenda focused on evaluating the situation in West Asia and its potential economic and security repercussions for India.Concerns over oil supply disruptionOne of the key concerns discussed during the meeting was the risk to Indias crude oil supply. Iran, a major oil exporter to India, is embroiled in the conflict, which could disrupt oil shipments and lead to significant price hikes in the international market. Any escalation in hostilities between Iran and Israel could severely affect Indias energy security, given its heavy dependence on oil imports from the region.Trade relations at riskIndia also has strong trade ties with both Iran and Israel, adding further complexity to the situation. Any direct conflict between the two nations could lead to disruptions in Indias trade, impacting various sectors. Rising oil costs and potential trade restrictions were identified as immediate concerns that need to be addressed.PM Modis strategic focusPrime Minister Modi, known for his focus on national security and economic stability, emphasized the need for contingency planning. The meeting was aimed at assessing Indias preparedness and exploring diplomatic channels to mitigate any adverse outcomes from the West Asia crisis.The situation in West Asia continues to be volatile, and the Indian government is expected to take further measures to safeguard its economic interests.
