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Modi Says Iran War Poses Severe Risks To India, Urges Cuts In Fuel Use And Gold Purchases

A gold necklace and earrings are displayed for sale at a jewellery shop in Srinagar, Jammu and Kashmir, on May 11, 2026. Indian Prime Minister Narendra Modi urges citizens to reduce fuel consumption by using public transport, working from home, reducing overseas travel, and pausing gold purchases, highlighting the economic impact of the conflict involving Iran. India imports nearly 85% of its fuel needs and relies on the Strait of Hormuz for about 50% of its crude imports, 60% of its liquefied natural gas, and almost all of its liquefied petroleum gas supplies. On Sunday, President Donald Trump states that Iran's counterproposal to end the conflict with the United States and Israel is ''TOTALLY UNACCEPTABLE!'', affecting global oil prices. (Photo by Firdous Nazir/NurPhoto)

Photo ID	#13693744
Date Taken	11 May 2026
Location	N/A
Photographer	Firdous Nazir/NurPhoto
Category	Economy, Business and Finance
Copyright	© 2026 NurPhoto - Firdous Nazir/NurPhoto

No People Gold necklace Earrings Jewellery shop Srinagar Jammu and Kashmir India May 11 2026 Narendra Modi Fuel consumption Public transport Work from home Overseas travel Gold purchases Economic impact Iran war Strait of Hormuz Crude imports Liquefied natural gas Liquefied petroleum gas Donald Trump Iran U.S. Israel Global oil prices Firdous Nazir NurPhoto