New Delhi, October 9 (SocialNews.XYZ) Amid heightened stand-off between Israel and Palestine, India has said that it will adopt a cautious approach as far as the conflict's impact on the energy sector is concerned.
"India will handle it with maturity. As far as the energy sector is concerned, the place where the action is taking place is in many respects the centre of global energy. We will watch very carefully. We will navigate our way through this. These kinds of uncertainties only encourage people for sustainable and cleaner fuel," Union Petroleum Minister Hardeep Puri said on the sidelines of an event on Monday.
The conflict between Israel and Palestine during the weekend unnerved global markets and saw crude oil futures prices jump 5 per cent in early trade today.
Experts have said that if Iran joins the conflict, then it could disrupt oil supplies, which may cause a spike in crude prices.
Iran is a supporter of Hamas, whose rocket attacks on Israel had triggered the war.
Source: IANS
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.
