oppn parties As The US Bombs Iran, India Braces For The Fallout

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  • Allahabad HC said that the UP Police is acting as law unto themselves as they detained a person unlawfully even before his arrest
  • Kolkata witnesses traffic snarls on the first day of the Durga Puja festival as revellers start pnadal-hopping
  • Neha Bora was subsequently released and Dipke is to appear before a magistrate today at noon
  • Delhi Police detained Cockroach Janta Party founder Abhijeet Dipke, Neha Bora of AISA, student leaders and supporters ahead of a rally in Connaught Place demanding Chief Election Commissioner Gyanesh Kumar's resignation. The protest followed the detention and jailing of two CJP leaders earlier in the week over demonstrations at Jantar Mantar
  • The Reserve Bank of India is considering further monetary tightening to counter capital outflows and increase the cost of betting against the rupee, according to bankers and analysts cited by Reuters. The measures follow recent rate increases and steps to drain liquidity as pressure on the currency and inflation concerns persist
  • India directed oil marketing companies to stop diverting sugar-based feedstocks for ethanol production in the 2026–27 supply year, according to a new tender issued on Friday. The companies have invited bids for 11 billion litres of ethanol made from alternatives including corn and broken rice, amid concerns about domestic sugar supplies and prices
  • Finance Minister Nirmala Sitharaman said India's trade imbalance with China was growing sharply and attributed the problem partly to restrictions on Indian goods and services entering the Chinese market. China subsequently said it was ready to work with India to address mutual economic and trade concerns; India's trade deficit with China reached $69 billion in the first half of FY2026–27, up 27% year-on-year
  • Indian equity benchmarks extended their recovery on Friday, with the Sensex rising 413.66 points to close at 74,729.27 and the Nifty 50 gaining 148.80 points to settle at 23,146.15. Information technology shares, including Tech Mahindra, Infosys and TCS, helped lift the indices
  • India defeated Zimbabwe by four wickets in the opening women's T20 International in Raipur, taking a 1–0 lead in the three-match series. Deepti Sharma and Niki Prasad combined in an 82-run stand after India's top order collapsed, helping the hosts chase down Zimbabwe's total of 114 for five
  • Indian wrestler Komal won bronze in the women's 59 kg category at the Under-23 World Wrestling Championships in Las Vegas, defeating Kazakhstan's Viktoriia Khusainova 7–2. Fellow Indian Amruta Pujari advanced to the women's 72 kg final after recording two pinfall victories
  • Indian shuttler Jagsher Singh Khangurra secured a bronze medal at the BWF World Junior Badminton Championships in Cairo
  • The Supreme Court of India upheld the Bombay High Court's decision quashing the 2020 write-off of ₹8,415 crore in additional tier-1 bonds issued by Yes Bank (Yes Bank). The court ruled that the bank's administrator lacked the authority to extinguish the bonds under the final reconstruction scheme, strengthening bondholders' claims
  • The Supreme Court issued notices to the Election Commission of India, Delhi Police and opposition leaders, including Rahul Gandhi and Akhilesh Yadav, in separate petitions concerning electoral-roll revision and protests held in Delhi on October 10–12. The court also directed the preservation of CCTV footage linked to allegations of police excesses
  • The Supreme Court ruled that a person converting from Hinduism to Islam cannot automatically claim backward-class reservation benefits in the new religious community solely on the basis of their previous caste status. The judgment upheld the Madras High Court's decision striking down a 2024 Tamil Nadu government order that permitted such certification for specified communities
  • The Election Commission of India ordered a Special Summary Revision of electoral rolls in 14 states and three Union Territories, using January 1, 2027, as the qualifying date for voter eligibility. The draft rolls are scheduled for publication on November 12, claims and objections will be accepted until December 11, and the final rolls are due on January 4, 2027
Delhi HC refuses to ban CJP's Tiranga rally at Central Park in Connaught Place today /////// Police says will control and regulate it /////// NDMC closes the park for the public on Friday and Saturday
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As The US Bombs Iran, India Braces For The Fallout

By Sunil Garodia
First publised on 2025-06-23 13:44:12

About the Author

Sunil Garodia Editor-in-Chief of indiacommentary.com. Current Affairs analyst and political commentator. Author of Cyber Scams in India, Digital Arrest, The Money Trap and The Human Hack

In a dramatic escalation of Middle East tensions, the United States launched airstrikes on Iran's key nuclear sites - Fordow, Natanz, and Isfahan - on June 22, 2025. Using stealth bombers and submarine-launched missiles, the operation aimed to cripple Iran's nuclear capabilities. In response, Iran has issued strong warnings of "all-out war" and hinted at closing the Strait of Hormuz, a move that could have global ramifications.

Oil prices surged past $78 a barrel following the attack, reflecting fears of supply disruption. The Strait of Hormuz, which handles nearly 20% of the world's oil shipments, is now in geopolitical crosshairs. For India, which imports about 80% of its oil, this spells immediate challenges.

The Indian rupee has already weakened, nearing Rs 87/USD, while markets brace for higher fuel prices and inflation. A $3-5 rise in oil could push up petrol and diesel prices by Rs 15-25 per litre, hitting households and industry alike. Additionally, Indian bond yields may rise due to market uncertainty. The Indian stock markets weakened today and the Sensex shed 511 points or 0.62%. 

Geopolitically, India must tread carefully. It has long maintained friendly relations with both Iran and Israel. Prime Minister Modi has expressed concern and urged restraint from all sides, positioning India as a potential mediator in the crisis. He also spoke to Iranian President Masoud Pezeshkian to express his "deep concern". This could enhance India's global diplomatic stature - if it plays its cards wisely.

There are also national security concerns. A prolonged conflict could affect Indian shipping lanes and energy supply chains. New Delhi may accelerate its push for energy diversification, tapping into alternative suppliers and strategic reserves.

While the direct conflict is between Washington and Tehran, its tremors are being felt in New Delhi. The next few weeks will be crucial. For India, the challenge lies in balancing diplomacy, economic stability, and energy security - all while navigating one of the most volatile geopolitical flashpoints in recent years.

 

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