# Middle East war risks global economic shock as oil prices spike 2026-08-13T21:35:28+00:00 | World & Diplomacy | Indian Opinion Desk Corroboration: 1 independent outlet The Middle East conflict, originally a regional war, is now escalating into a global economic threat, reports NDTV. Oil prices have surged past $90 a barrel, stoking fears of sustained inflation and disrupted supply chains worldwide. India, which imports over 80 per cent of its crude oil, faces higher import bills and a wider current account deficit. The crisis also pressures central banks to keep interest rates high, slowing growth. The war's impact on shipping routes, especially through the Red Sea, has raised freight costs and delayed deliveries for Indian exporters and importers alike. ## Coverage - ndtv.com Tags: global economy, India trade, inflation, Middle East war, Oil prices, supply chain Canonical: https://indianopinion.org/middle-east-war-risks-global-economic-shock-as-oil-prices-spike/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/middle-east-war-risks-global-economic-shock-as-oil-prices-spike/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.