‘India Has Adequate Energy Supplies’: Union Minister Hardeep Puri Amid Iran-Israel Conflict

Last Updated:June 13, 2025, 22:55 IST

Puri’s remarks came as oil prices jumped sharply and stocks fell amid concerns over Israel’s attack on Iranian nuclear and military targets.

Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, held a review meeting on Friday with the petroleum secretary and heads of Indian energy PSUs as oil prices jumped after Israel’s unprecedented attack on Iran.

Taking to X, Puri said India’s energy strategy is shaped by successfully navigating the trilemma of energy availability, affordability and sustainability under the dynamic leadership of Prime Minister Narendra Modi.

“Held a periodic review with Secretary-@PetroleumMin and CMDs of India’s energy PSUs. We have adequate energy supplies for the coming months,” he added.

Oil prices jumped sharply and stocks fell amid concerns that Israel’s attack on Iranian nuclear and military targets could escalate further and damage the flow of crude around the world, along with the global economy.

The S&P 500 was down 0.7% in early trading Friday and on track for its worst day in more than two weeks. The Dow Jones Industrial Average was down 423 points, or 1%, and the Nasdaq composite was down 0.8%.

Additionally, the price of a barrel of benchmark US crude jumped 7.3%. Notably, Iran is one of the world’s major producers of oil and even if India does not directly import large volumes of oil from Iran, it imports more than 80% of its crude oil needs.

More than 40% of India’s oil imports and half of the gas imports come from the Middle East. Russia is India’s top source of crude oil, which is processed in refineries to produce fuels such as petrol and diesel.

Israel Strikes Iran Again

Meanwhile, Israel on Friday carried out a second round of airstrikes on Iran, further escalating tensions between the two nations. The overnight attacks reportedly targeted nuclear and military sites, along with residential buildings linked to Iranian officials.

According to Iranian state media, air defence systems were activated across multiple regions, including Tehran, in response to the latest attacks. Iran had earlier launched 200 drones in response to Israel’s attack, which killed high-profile figures, including the Iranian Army Chief.

In Tehran, defence forces intercepted aerial “targets.” Activity was reported near Pasteur Square, a high-security area home to Iran’s Supreme Leader and the presidential office, Iranian media reported.

Aveek Banerjee

Aveek Banerjee is a Senior Sub Editor at News18. Based in Noida with a Master’s in Global Studies, Aveek has more than three years of experience in digital media and news curation, specialising in international…Read More

Aveek Banerjee is a Senior Sub Editor at News18. Based in Noida with a Master’s in Global Studies, Aveek has more than three years of experience in digital media and news curation, specialising in international… Read More

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