SBI Warns: Prolonged US-Iran War Could Trigger Global Recession, Cripple India's Economy

• SBI report warns a prolonged US-Iran conflict could lead to global recession and crippling inflation.
• Every $10 rise in crude oil prices could widen India's Current Account Deficit by 36 basis points.
• If crude hits $130/barrel, India's GDP growth may fall to 6% by FY2027, a major blow to the economy.
• RBI interventions have stabilized government bond yields and rupee volatility, keeping it below 92.
• Closure of Strait of Hormuz, through which 20% of global crude passes, is driving oil prices up; US could benefit from rising energy prices.