Last mentioned: Mar 22, 2026
Nomura Economic Warning
Sonal Varma highlights the need for 'more than enough buffers' due to West Asian volatility.
Modi-Pezeshkian Call
PM Modi flags attacks on shipping lanes and energy infra to the Iranian President.
Market Assessment
Strait of Hormuz identified as the epicenter of Asian energy supply chain risk.
Nomura Economic Warning
Sonal Varma identifies 'uncertainty as the new normal' and calls for India to build energy buffers.
Diplomatic Intervention
PM Modi speaks with Iranian President Pezeshkian regarding attacks on energy infrastructure.
Nomura's chief economist warns that India must maintain significant buffers to navigate a 'new normal' of geopolitical uncertainty and energy supply shocks. Prime Minister Modi has engaged directly with Iranian leadership to address threats to critical shipping lanes and energy infrastructure in the Strait of Hormuz.
Nomura's chief economist warns that India must build significant buffers to withstand a dual shock of energy price hikes and physical supply shortages. The escalating West Asian crisis threatens the Strait of Hormuz, a critical chokepoint for 20% of global oil demand.
India is facing significant inflationary pressure and supply chain volatility as the West Asian conflict threatens the Strait of Hormuz, a critical artery for 20% of global oil demand. Prime Minister Narendra Modi has engaged with Iranian leadership to secure shipping lanes, while analysts warn that physical supply shortages may necessitate a shift toward greater strategic buffers.