May 12, 2026
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4:11Now PlayingAs West Asia burns amid an escalating regional war, fears of a major global oil shock are returning for the first time since the 1973 energy crisis. Crude prices are surging, shipping routes around the Strait of Hormuz remain under threat, and global energy markets are witnessing severe volatility.
Amid the growing uncertainty, Prime Minister Narendra Modi has renewed the push for a stronger “Energy Independent India,” focusing on domestic energy production, renewable expansion, strategic reserves, green hydrogen, EV adoption, and reduced dependence on imported crude.
With nearly 85% of India’s oil needs dependent on imports, any prolonged disruption in West Asia could have major economic consequences for fuel prices, inflation, trade, and growth. The International Energy Agency (IEA) has warned that the world could be heading toward one of the most severe energy supply disruptions in modern history if the conflict intensifies further.
Is the world entering a new 1973-style oil crisis? Can India shield itself from another global energy shock? And how crucial is energy self-reliance in an era of geopolitical wars?
How India & World Is Handling Oil Shocks As PM Modi Pushes To Make India Energy Independent'
#mirrornow #worldnews #iranwar #usnews #india #pmmodi #modi #us #trump #araghchi #netanyahu #geopolitics #breakingnews #oilshock
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