India Vows to Shield Energy Consumers From Iran War Fallout

Indian officials pledged to protect consumers as the Iran conflict pushed oil prices above $100 and disrupted supplies, raising significant risks for the energy-importing economy.

The country has enough oil reserves to weather the impact in the short run, government officials familiar with the matter said. If oil prices remain above $100 a barrel for a longer period, the implications may be more significant for inflation and trade, the officials said, asking not to be identified in order to discuss private matters.