External Affairs Minister S. Jaishankar has expressed fear that any further escalation in the tension between Iran and Israel may have big consequences for India as it may push up oil prices.
In an informal interaction with mediapersons in Bengaluru on April 16, Mr. Jaishankar observed that any escalation of the Middle East tension would translate to an increase in import costs, shipping costs, insurance costs and energy costs besides pushing up oil prices
There is pressure from the rest of the world, including the US, on Israel to desist from escalating matters with Iran. At the same time, there was pressure from within Israel to respond to the attack by Iran, he pointed out, while referring to reports in Israeli media.
