West Asia Conflict Disrupts Energy Supplies, Impacts Indian Economy and Key Sectors

The ongoing West Asia conflict involving the US, Israel, and Iran has disrupted global energy supplies, significantly impacting India and other Asian economies. Rising crude oil and gas prices, along with supply shortages, have affected sectors including manufacturing, agriculture, and services. India faces LPG shortages and LNG supply disruptions due to halted maritime traffic in the Strait of Hormuz. While inflation and growth impacts depend on the conflict's duration, government and industry responses include price adjustments and rationing measures.