Iran War: Costs Rising in India After 4 Weeks, Impact May Grow if It Continues
Over the past four weeks, the war in West Asia has disrupted traffic through the Strait of Hormuz and increased the cost of raw materials and components used not only in fuel, but also in medicines, plastics and packaged goods in India. If the war continues for two more months, the impact is likely to become much harsher and more widespread in household expenses and access to essential services, as seen in many countries around the world during earlier conflicts.
India Holds Oil Reserves for Only 9.5 Days of Demand Amid Gulf Supply Risks
India’s strategic petroleum reserves can cover only about 9.5 days of national crude oil demand if the reserves are filled to their maximum capacity, according to a government response obtained through the Right to Information law. The disclosure places India at the lower end of energy preparedness at a time of heightened supply risks linked to the ongoing Iran war.
Indian Accused in US Sikh Separatist Assassination Plot Pleads Guilty
An Indian national, accused by U.S. prosecutors of working at the direction of an Indian government employee to arrange the assassination of Sikh separatist Gurpatwant Singh Pannun in New York, has pleaded guilty in a U.S. court.