India is closely reviewing the Iran-Israel conflict to assess the impact on crude oil and gas supply, sources have said.

India is “comfortably placed” to meet its fuel supply needs despite the Israel-Iran conflict, said Petroleum Minister Hardeep Singh Puri. He credited PM Modi's leadership for diversifying oil imports and boosting domestic exploration,

Oil prices climbed on Monday, extending Friday's rally, as renewed strikes by Israel and Iran over the weekend increased concerns that the battle could widen across the region and significantly disrupt oil exports from the Middle East.