India on Iran war: the costs of sitting still

Businesstimes News
2026.05.20 23:00
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On May 11, Indian Prime Minister Narendra Modi urged citizens to reduce driving, work from home, and limit gold purchases due to rising fuel prices and a weakening rupee, as India's strategic petroleum reserves faced strain. This situation arose from the US and Israel's air strikes on Iran, which began on February 28, leading to regional instability.