Growing escalation in West Asia, uncertainty regarding the Strait of Hormuz and India’s outreach to Iran and other countries
Modi’s conversation with Iranian President and other world leadersPM Modi and Iranian President, Masoud Pezeshkian held a telephonic conversation on March 21. The Iranian President highlighted the losses – humanitarian and economic – caused by the strikes. If the current conflict lasts for long India’s trade deficit and balance of payments could get impacted significantly. Two other clear takeaways from the current conflict are. Second, Iran-Gulf ties were witnessing an upswing in recent years, but the current conflict has once again led to distrust between Tehran and GCC countries – apart from Oman.
Source: dna March 24, 2026 10:35 UTC
