PM Flags Oil, Gas Risk Amid West Asia Tensions
- By Thetripurapost Desk, New Delhi
- Mar 24, 2026
- 562
Addressing the Rajya Sabha on Tuesday, Prime Minister Narendra Modi delivered a 21-minute statement on the escalating crisis in West Asia, cautioning that a prolonged conflict involving the United States, Israel, and Iran could trigger far-reaching economic and strategic consequences for India.
He stressed that the unfolding situation would test the nation’s resilience, calling for coordinated action between the Centre and states under a unified “Team India” approach. Highlighting immediate concerns, Modi noted that Indian vessels and crew members remain stranded in the Strait of Hormuz, severely disrupting critical trade routes.
“Our supply chains are under strain,” he said, pointing to interruptions in the flow of essential commodities such as petroleum, natural gas, and fertilizers—key inputs for both industry and agriculture.
A day earlier, while speaking in the Lok Sabha, the Prime Minister had underscored the long-term global repercussions of the conflict, drawing parallels with the challenges faced during the COVID-19 pandemic. He emphasized that preparedness and unity would be crucial in navigating the uncertain period ahead.
Modi also issued a direct appeal to state governments, urging them to safeguard vulnerable sections of society. He called for the uninterrupted implementation of welfare schemes such as PM Garib Anna Kalyan Yojana, and strict action against black marketing and hoarding, which often intensify during crises.
Reassuring the farming community, the Prime Minister said the government has taken proactive measures to ensure adequate availability of fertilizers for the upcoming sowing season, affirming continued support to farmers amid global supply disruptions.
To mitigate the economic impact, the Centre has constituted seven empowered groups—modeled on the COVID-era response—to address key sectors including supply chains, fuel, fertilizers, gas, and inflation through both immediate and long-term strategies.
On the geopolitical front, Modi strongly condemned attacks on commercial shipping and any obstruction of critical maritime routes such as the Strait of Hormuz, calling such actions unacceptable. He reiterated that India is actively engaging through diplomatic channels to ensure the safe and uninterrupted movement of global trade.
Addressing concerns over Indian nationals abroad, Modi affirmed that their safety remains the government’s highest priority. Since the onset of the conflict, over 375,000 Indians have returned home, including more than 1,000 from Iran—many of them students. While host nations have assured the security of Indian citizens, the Prime Minister acknowledged casualties and injuries, assuring that affected families are receiving necessary support and assistance.