In an airstrike, the US has killed top Iranian military Commander Qassem Soleimani on January 3, 2020, and this can directly impact the global oil prices. This stand-off between the US and Iran is bad news for Indian oil supplies too. Here in this article, we will talk about how the tensions between the US and Iran will directly impact India.
Why the Stand-off between the US and Iran is bad for Indian Economy?
India is a huge oil-dependent country and imports 84% of its oil needs and roughly about 60% Oil from the Middle East. As the tension has arisen in the world’s biggest crude-exporting region, it will have a twin impact on the supply of Oil in India as well as globally and the price hike. Read More