Cabinet discusses crude oil supply, trade in light of West Asia crisis

A meeting of the Cabinet Committee on Security was held under the chairmanship of Prime Minister Narendra Modi, in which the discussions unfolded on the ongoing West Asia crisis and its possible impact globally, according to the sources.

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The sources further pointed out that there could be a possibility that the supply of crude oil in India will be affected and the prices will increase in the international market amid the crisis.

Apart from ministers, senior officers were also present in the meeting held on Thursday.

"The meeting was held before the cabinet meeting yesterday. The West Asia crisis and its possible impact on India were discussed in the meeting, apart from senior ministers, officers were also present. Due to the crisis in West Asia, there is a possibility that the supply of crude oil in India will be affected and the prices will increase in the international market," the sources said.