Prime Minister Narendra Modi on Monday issued a stern warning regarding the ripple effects of the ongoing Middle East conflict on India’s economy. Addressing a high-level meeting on March 23, 2026, the PM noted that the disruption in global oil supplies due to the Iran-Israel war would make the upcoming summer “exceptionally challenging.” With crude oil prices hovering at record highs, Modi urged citizens to be mindful of energy consumption. His remarks hint at a potential hike in fuel prices, signaling that the period of economic stability may face a significant jolt in the coming months.