India is a net importer of crude oil, with over 40 percent of its supplies sourced from Middle East nations such as Iraq, Saudi Arabia, the United Arab Emirates, Kuwait and Qatar. These countries export crude oil and LNG to India through the Strait of Hormuz route.

Israel's attack on Iran raises questions like whether the US will get involved, how Iran will respond, and if a wider conflict may be triggered.

Stock futures wavered before Monday's session as the escalating conflict between Israel and Iran spiked oil prices and raised investors' concerns about the global economy. Dow Jones Industrial Average futures shed 56 points, or 0.1%. S&P 500 futures lost 0.1%, while Nasdaq 100 futures traded around their flatline.

As the Israel-Iran conflict intensifies, India is increasingly at risk of collateral economic fallout, with energy security, trade routes, and key commercial interests facing growing uncertainty, it warned. The escalating hostilities, and rising regional tensions pose direct threats to India’s strategic and economic links with West Asia.

GTRI warns of India's economic vulnerability amid Israel-Iran conflict, urging energy diversification and strategic reserve readiness.

Israel’s attacks on Iran’s nuclear facilities risk pushing back the timeline for Federal Reserve interest-rate cuts as the US central bank waits to assess any potential impact on inflation, economists said.

The retaliatory strikes came on Saturday, a day after Israel killed top Iranian military leaders and scientists and destroyed an aboveground nuclear enrichment plant near Natanz.