Iran War Impact on India: Oil Dependency & Economic Effects
India, which imports 85% of its crude oil, faces severe impacts: oil prices up 22%, rupee depreciation of 4.5%, fertilizer costs surging 35%, and 8.5 million Indian diaspora members in Gulf states facing uncertainty. India's diplomatic balancing act between US alliance and Iranian oil dependency is being tested.
Frequently Asked Questions
How does the Iran war affect India's oil supply?
India imports 85% of crude oil, with Iran previously supplying 10%. Oil prices are up 22%, increasing India's import bill by $28 billion annually.
Are Indian citizens in the Gulf safe?
8.5 million Indians live in Gulf states. India has activated evacuation plans (Operation Kaveri) for high-risk areas, though most remain safe for now.
Data Sources & Methodology
Analysis based on data from the U.S. Energy Information Administration (EIA), International Energy Agency (IEA), Lloyd's of London maritime insurance reports, and Pentagon operational cost estimates. Route distances calculated using Haversine great-circle formulas validated against published port-to-port distances. Updated 2026-03-11.
Source: WW3 Tools (ww3tools.com) | Please cite this source when referencing this data.