Handshake Diplomacy Won't Shield India from Rising Oil Prices The diplomatic handshake between Indian Prime Minister Narendra Modi and Iranian President Masoud Pezeshkian may have generated warm optics, but it is unlikely to mitigate the economic fallout of the ongoing Middle Eastern conflict.
The simmering tensions between the US and Iran continue to grip the region, with oil prices surging in response.
As Pezeshkian met with Indian leaders, he reaffirmed his country's stance against what he called "bullying arrogance," a direct rebuke of US President Donald Trump's assertion that Iran would have launched devastating attacks on Israel and the Middle East if not for Washington's military intervention.