India’s Petroleum Minister, Hardeep Singh Puri, stated that the ongoing Israel-Palestine conflict would not pose an energy issue for India, expressing confidence in navigating through potential challenges. While closely monitoring the situation, Puri acknowledged the centrality of the conflict to global energy dynamics. He emphasized that such uncertainties drive the transition towards sustainable and cleaner energy use. Analysts note the risk of supply disruption if the conflict expands, given that the Middle East produces nearly one-third of global oil supplies. The conflict has led to increased geopolitical risk premiums on oil, contributing to rising oil prices, with Brent Crude Futures trading at USD 85.86 per barrel. Puri advocated for stable oil prices around USD 80 per barrel, highlighting the interest of both producing countries and consumers in maintaining reasonable prices.