Modi Flags Oil Risk, Pushes for Peace Talks
- By Thetripurapost Desk, New Delhi
- Mar 23, 2026
- 571
In his first public intervention on the escalating crisis in West Asia, Narendra Modi underscored the urgent need for de-escalation, asserting that constructive dialogue remains the only sustainable pathway to resolution. Delivering a 25-minute address in the Lok Sabha, he unequivocally condemned attacks on civilians and critical infrastructure, including power facilities, and described any disruption to the Strait of Hormuz as wholly unacceptable.
The Prime Minister highlighted the government’s proactive measures to insulate India from a potential energy crisis. He noted that the country has significantly diversified its crude import base, expanding from 27 to 41 supplier nations. India currently maintains strategic petroleum reserves exceeding 5.3 million metric tonnes, with ongoing efforts to augment this capacity to over 6.5 million metric tonnes.
Addressing concerns over essential supplies, Modi assured that India possesses ample food reserves and robust contingency mechanisms to withstand global disruptions. He emphasized sustained diplomatic engagement with international partners to ensure the uninterrupted flow of critical imports such as oil, gas, and fertilizers, even amid volatile geopolitical conditions.
On the safety of Indian nationals, the Prime Minister stated that safeguarding citizens abroad remains paramount. He revealed that approximately 375,000 Indians have been successfully repatriated, including thousands from Iran, among them over 700 medical students.
Turning to domestic preparedness, Modi noted that with rising summer demand, the government is closely monitoring the power sector. Adequate coal stocks are available at power plants, and all aspects of electricity generation and distribution are under vigilant supervision to prevent shortages.
Recognising the centrality of energy to economic stability, he said a dedicated government task force is convening daily to address emerging challenges in trade and logistics, aiming to minimise the conflict’s ripple effects on India’s economy.
Reiterating India’s diplomatic position, Modi affirmed that he has engaged with key leaders across West Asia, urging restraint and immediate de-escalation. He stressed that attacks on civilians and interference with commercial shipping are unacceptable, and called upon all stakeholders to pursue a peaceful resolution without delay.