Moscow has raised alarms as the conflict in Iran escalates, with Kremlin spokesman Dmitry Peskov warning of "very dangerous and negative consequences" for the global economy. The war has disrupted energy markets, pushing oil prices to $113 a barrel and straining global trade. India and China, both heavily reliant on Middle Eastern energy, are responding divergently to the crisis.

India has resumed Iranian oil imports after a seven-year hiatus, leveraging a US sanctions waiver to mitigate supply chain disruptions. The Ministry of Petroleum and Natural Gas confirmed diversifying sources across 40 countries, including Iran, to cushion the blow. Meanwhile, China's stance remains unclear, leaving markets to speculate on its next move.

The Strait of Hormuz, a critical chokepoint for global oil shipments, faces near-closure due to attacks on shipping infrastructure. This geopolitical volatility underscores the fragility of energy dependence and the urgent need for long-term alternatives.