India, UAE sign pacts on LPG, strategic oil reserves to cushion US-Iran war impact
As the world faces an energy crisis triggered by the war between Iran and the United States, backed by Israel, India signed a strategic deal with the United Arab Emirates for the supply for Liquified Petroleum Gas (LPG) to help ease the impact of the war. PM Modi is on an official visit to the UAE. (@NarendraModi) India is the world’s second largest LPG importer, making the deal a crucial one to ensure enough supply during global tensions. The deal was signed during Prime Minister Narendra Modi’s short two-hour trip to the UAE. Apart from the LPG deal, both the countries also signed a Memorandum of Understanding (MoU) on strategic petroleum reserves. This deal comes just hours after petrol and diesel prices in India were raised by ₹3 each on Friday, May 15. These key deals were signed during Modi’s quick stopover in Abu Dhabi en route to the India–Nordic Summit. Modi met UAE President Sheikh Mohamed bin Zayed Al Nahyan (MBZ) during his short visit amid ongoing unrest in West Asia. India and the …




