Iran War: Everyday Essentials, From Oil to Medicines, Set to Get Pricier in India

• Global oil prices surged by 20% in days due to Iran war, threatening petrol and diesel costs in import-dependent India.
• Edible oil prices are already rising, impacted by disrupted shipments through critical routes and increased freight costs.
• Pulses, vegetables, nuts, and dried fruits face price hikes due to rising logistics costs and disrupted West Asian supply chains.
• Fertilizer and farm product costs are set to increase due to export disruptions and higher oil prices affecting farm equipment.
• Airfare, plastics, and pharmaceuticals will also see price increases due to rerouting, crude oil costs, and supply chain disruptions.