Prime Minister Narendra Modi plans to hold a high-level meeting with senior ministers to address key issues concerning energy supply in India. This meeting is prompted by the current conflict in the Middle East, particularly the war between Iran and the U.S.-Israel alliance, which has significant implications for global energy transport and pricing. The agenda will cover crucial topics like petroleum, crude oil, electricity, and food supply, ensuring that the supply chain remains uninterrupted as the situation evolves.

The ongoing conflict has resulted in Iran blocking the Strait of Hormuz, a vital maritime route through which approximately 20% of the world's oil and gas passes. This blockade has led to a backlog of hundreds of vessels, halting oil supply and consequently driving prices up globally. The impact on India is substantial, given that the country relies heavily on imported oil. With many Indian vessels stranded in the Gulf, prolonged closure of the Strait could exacerbate the crisis, leading to a direct impact on the economy and consumers.

Indian authorities are therefore keen to ensure that the nation's energy supply remains stable and is prepared to mitigate any economic fallout. The meeting aims to discuss strategies to maintain supply chains, enhance logistical frameworks, and minimize adverse effects on the general populace as energy prices skyrocket due to geopolitical tensions in the Middle East.