West Asia Conflict Disrupts Oil Supply, Raises Costs for Indian Pharma and Medical Manufacturing

Rising tensions and conflict in West Asia, particularly around the Strait of Hormuz, are disrupting oil and gas supplies, impacting India's pharmaceutical and medical manufacturing sectors. India, a major global supplier of generic medicines and medical devices, relies heavily on petrochemical-based raw materials linked to oil imports, especially from the Gulf and China. While immediate shortages of medicines like paracetamol and medical supplies such as gloves are not reported, rising raw material and energy costs are increasing production expenses, potentially leading to higher drug prices and supply challenges globally, including in the US.