"The budget session opened yesterday with heated exchanges as the opposition demanded a discussion on rising crude oil prices due to the US-Israel war with Iran. India's Foreign Minister S Jaishankar gave a statement on the issue in parliament but no discussion was held, forcing the opposition to protest outside the parliament."
"Indian markets which plummeted amid the ongoing conflict in the Middle East have relaxed after oil prices fell by around $30 per barrel. However, the surge in LPG prices have battered businesses in India, prompting farmers' groups and trade unions to announce a nationwide strike for Tuesday."
India's budget session opened with opposition demanding parliamentary discussion on rising crude oil prices stemming from the US-Israel war with Iran. Foreign Minister S Jaishankar provided a statement but no formal discussion occurred, leading opposition protests outside parliament. Indian markets initially declined due to Middle East conflict tensions but subsequently recovered as crude oil prices dropped approximately $30 per barrel. Despite market stabilization, elevated LPG prices have negatively impacted Indian businesses. In response, farmers' groups and trade unions announced a nationwide strike scheduled for Tuesday.
#india-crude-oil-prices #middle-east-conflict-impact #lpg-price-surge #parliamentary-opposition #nationwide-strike
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