New Delhi, April 22 -- The simmering conflict between Iran and Israel is sending shockwaves through Indian industries, signifying longer delivery times, soaring freight rates, extended working capital cycles, and higher operating costs even before a full-blown crisis.
The Ministry of Petroleum and Natural Gas acknowledges the precarious situation, with officials emphasising the potential challenges posed by oil prices surpassing USD 100 per barrel, reported BS.
As the world watches anxiously for any escalation, Indian executives are already grappling with the early tremors while bracing for potential ripple effects.
At the core of concerns for both the Indian government and industry observers lies the vulnerability of oil supplies and...