If Iran’s crude oil supply gets disrupted by 0.5 to 1 million barrels per day, it could lead to global crude oil prices surging by 5 to 10 dollars per barrel in the medium term.

The Indian government is closely monitoring the Iran-Israel conflict's impact on overseas trade, planning a meeting with stakeholders to address potential disruptions. Concerns rise over the Strait of Hormuz and Red Sea routes,

The Israeli military claims its campaign has eliminated high-value targets, including nine senior scientists, and severely damaged Iran’s nuclear infrastructure. Iranian authorities confirmed damage to four critical buildings at the Isfahan uranium conversion facility,