Iran Conflict's Financial Burden: Soaring Prices, Market Crash & Job Threats for Indians

• Cooking gas (LPG) prices surge by Rs. 60 per cylinder due to Strait of Hormuz closure, disrupting supply from Gulf nations.
• Crude oil prices surpass $120 per barrel, increasing petrol and diesel costs, potentially reducing India's GDP growth.
• Inflation hits essential commodities and vegetables by 10-15% as transport costs rise due to fuel price hikes.
• Stock markets (Sensex, Nifty) crash as FIIs withdraw $3 billion; gold and silver prices also fall due to war uncertainty.
• Threat to 9 million Indian jobs in Gulf countries and $50 billion remittances; fertilizer supply from Gulf also disrupted.