The terse statement masked the deep unease about how far the ripples from this sharp spike in US-Iran tensions will extend across the region, and impact India.
With Iran vowing revenge, a possible widening of the US-Iran conflict, from Saudi Arabia to Afghanistan and Pakistan, will not leave India unaffected.
India should position itself in the Saudi-Iran rivalry carefully.
Major Impacts:
- Increased oil import bill
- India will have to manage its delicate relation with Iran
- Depreciation of currency
