Iran War's Impact on India Deepens: Oil, Rupee, Market Under Pressure

• Escalating West Asia conflict impacts global economy, with Strait of Hormuz closure threatening oil supply.
• India, importing 85% of crude oil, faces supply disruptions and price surges, worsening trade deficit and rupee.
• Brent crude prices surpassed $100, increasing India's crude basket by 40%, potentially raising fuel costs.
• Indian rupee hit record low, stock market declined, and gold prices rose due to investor uncertainty.
• India increases oil purchases from Russia, boosts LPG production, but domestic cylinder prices may rise.