How the #Iraqcrisis threatens to destabilise world peace and the - TopicsExpress

How the #Iraqcrisis threatens to destabilise world peace and the Indian economy The situation in Iraq would also impact oil prices for India, with the international prices for crude oil pushed as high as $112 per barrel. Iraq is Indias second largest supplier of oil, and therefore an obvious impact will be felt. The new Narendra Modi-led government has been wanting to phase out subsidies from petroleum products, which in this context, seems a tough proposition to go ahead with. Either way, the Indian government would have to bear huge costs with or without subsidies. dnaindia/world/report-how-the-iraq-crisis-threatens-to-destabilise-world-peace-and-the-indian-economy-1995961

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