Now Reading: PM Modi urges dialogue and diplomacy for West Asia peace
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PM Modi urges dialogue and diplomacy for West Asia peace
Prime Minister Narendra Modi on Friday called for dialogue and diplomacy as the only way to restore peace in West Asia, while assuring that India will ensure smooth supplies of oil, gas…
Prime Minister Narendra Modi on Friday called for dialogue and diplomacy as the only way to restore peace in West Asia, while assuring that India will ensure smooth supplies of oil, gas and fertilisers from the region. Speaking at a virtual summit of the Indian Ocean Rim Association (IORA), Modi said the escalation of tensions in West Asia is a matter of deep concern for the entire Indian Ocean region.
The Prime Minister underlined that India's approach is to support all efforts that bring peace and stability. He reiterated India's commitment to a two-state solution for the Israel-Palestine issue. Modi also highlighted the importance of ensuring the safety and security of the Indian diaspora in the conflict-affected areas.
Modi assured that India is working to maintain stable energy and commodity markets, and will continue to provide necessary supplies to partner countries. The IORA summit discussed ways to strengthen regional cooperation for maritime security, sustainable development and disaster response in the Indian Ocean rim.
Indian Opinion Analysis
India imports about 85% of its crude oil and a significant portion of its fertiliser requirements from West Asia. The region accounts for roughly one-fifth of India's total trade. Any prolonged conflict there directly affects India's energy security, inflation and farm input costs. Modi's assurance of smooth supplies signals active diplomatic and logistical backchannel engagement, possibly involving bilateral talks with producer nations. The next concrete measure to watch is whether India's strategic petroleum reserves will be tapped or additional term contracts signed with Saudi Arabia and the UAE in the coming weeks.
Source: newsonair.gov.in
This story was synthesised by AI from the source linked above.
