Here's A Look At The Impact Of U.S.-Iran Tensions On India's Oil Trade & Energy Needs
As we speak, India's oil reserves can last for only 9 days. India is looking to offset the losses due to the curbs on Iran's oil imports with imports from other oil producing countries. The government is also looking to build its oil reserves further. But the issue is crucial. Further rise in crude prices will weigh on India's CAD. Here's Palki explaining India's energy needs.