IJSMT Journal

International Journal of Science, Strategic Management and Technology

An International, Peer-Reviewed, Open Access Scholarly Journal Indexed in recognized academic databases · DOI via Crossref The journal adheres to established scholarly publishing, peer-review, and research ethics guidelines set by the UGC

ISSN: 3108-1762 (Online)
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THE IMPACT OF THE IRAN–ISRAEL CONFLICT ON INDIA’S TRADE, OIL PRICES & OVERALL ECONOMIC STABILITY

AUTHORS:
Ayush Singh
Mentor
Dr. Santosh Kumar
Affiliation
Bachelor of Business Administration In International Business
CC BY 4.0 License:
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Abstract
This study analyses the economic impact of the Iran–Israel conflict on India, with a primary focus on trade patterns, global crude oil prices, inflation, and overall economic stability. The Middle East region is crucial for India due to its dependence on crude oil imports, remittances, and maritime trade routes. Any geopolitical tension—especially involving Iran and Israel—creates immediate volatility in global energy markets and supply chains.

The research adopts a mixed-method approach, using both primary data (survey responses) and secondary data from international reports, market analyses, and academic studies. Findings indicate that the conflict significantly increases global crude oil prices, disrupts trade flows, and contributes to inflation in India. Consumers perceive rising fuel prices as one of the most direct impacts of the conflict, affecting their monthly expenses and overall cost of living.

 
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Singh, A. (2026). The Impact of the Iran–Israel Conflict on India’s Trade, Oil Prices & Overall Economic Stability. International Journal of Science, Strategic Management and Technology, 02(04). https://doi.org/10.55041/ijsmt.v2i4.454

Singh, Ayush. "The Impact of the Iran–Israel Conflict on India’s Trade, Oil Prices & Overall Economic Stability." International Journal of Science, Strategic Management and Technology, vol. 02, no. 04, 2026, pp. . doi:https://doi.org/10.55041/ijsmt.v2i4.454.

Singh, Ayush. "The Impact of the Iran–Israel Conflict on India’s Trade, Oil Prices & Overall Economic Stability." International Journal of Science, Strategic Management and Technology 02, no. 04 (2026). https://doi.org/https://doi.org/10.55041/ijsmt.v2i4.454.

References
1.International Energy Agency (IEA). World Energy Outlook Reports (2022–2024).

2.OPEC. Monthly Oil Market Report (2023–2024).

3.Ministry of Petroleum and Natural Gas, Government of India. Petroleum Statistics (2023–2024).

4.Reserve Bank of India (RBI). Macroeconomic Review (2023–2024).

5.Indian Ministry of Commerce. Export-Import Data (2023–2024).

6.World Bank. Commodity Markets Outlook (2023–2024).

7.Articles on Iran–Israel Conflict and Oil Market Volatility (2024).

8.Al Jazeera. Reports on Middle-East Geopolitical Tensions (2024).

9.The Economic Times. Articles on India’s Fuel Prices & Inflation (2024).

10.The Hindu Business Line. Reports on India’s Oil Import Trends (2023–2024).
Ethics and Compliance
✓ All ethical standards met
This article has undergone plagiarism screening and double-blind peer review. Editorial policies have been followed. Authors retain copyright under CC BY-NC 4.0 license. The research complies with ethical standards and institutional guidelines.
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