By Admin 
Iran-Israel War: The atmosphere is not heated only in the Middle East due to Israel and America’s attack on Iran and Tehran’s retaliatory action. Its impact has been felt all over the world. India has also not remained untouched by this. In this era of globalization, all countries are interconnected with each other. In such a situation, any good or evil done by one affects the other also. In the same sequence, due to the war on Iran, many things have become expensive in India, which is going to affect your pockets.
Gold and silver prices increased
In this atmosphere of war, the prices of gold and silver have definitely increased. On March 1, 2026, gold had reached a record level of Rs 1.73 lakh per 10 grams in the domestic markets. Silver prices had also reached close to Rs 2.90 lakh per kg. However, some softening is being seen in the prices since the last four sessions.
Impact on ceramic industry
The war has also affected the country’s ceramic industry. The situation is such that the ceramic industry in Morbi, Gujarat is on the verge of closure in the next few days because the gas supply is being disrupted due to the war-like situation in the Gulf countries. In the ceramic industry, propane or natural gas is required a lot for the work ranging from firing furnaces to drying the clay.
On the other hand, after the death of Iran’s Supreme Leader Ayatollah Ali Khamenei last Saturday and continuous American attacks, the war has intensified. Amidst this turmoil, Iran has closed the Strait of Hormuz. This is causing obstruction in the supply of gas.
cooking oil expensive
The prices of cooking oil have also increased due to the war on Iran because although India does not import Edible Oil from Iran, but India imports 60 percent of its cooking oil requirement from other countries such as palm oil from Indonesia and Malaysia, soybean oil from Argentina and Brazil, sunflower oil from Russia and Ukraine. Now the question arises that why is oil becoming expensive due to the conflict in Iran?
In fact, due to the cost of crude oil due to tension between Iran and Israel, palm and soya oil are being used more and more to make bio-fuel. Due to this, the supply of cooking oil decreases and the prices start increasing. Additionally, war-like situations tend to slow down international trade due to increased instability in shipping and commodity markets, leading to stock shortages.
Sudhakar Desai, Chairman of the Indian Vegetable Oil Producers Association, says, “Any kind of tension or its increase between America and Iran has a direct impact on the Indian crude oil and cooking oil markets. Due to increase in the price of crude oil, petrol, diesel and all fossil fuels become expensive, due to which the logistics cost of everything increases. Apart from this, it may also increase the insurance risks of sea vessels.
Let us tell you that since March 5, many marine insurance companies have stopped providing war risk coverage for this region. In such a situation, it is not only expensive but also risky for ships to pass through here.
Dry fruits become expensive
In this environment of war, the supply of dry fruits like pistachios, saffron, figs, apricots coming from Iran and Afghanistan is on the verge of stopping. Due to this their prices have also started increasing.
Increase in prices of pulses and onions
India imports pigeon pea, urad and lentils from countries like Myanmar, Canada, Australia. However, due to the blockade of Hormuz, ships and containers stranded in West Asia have to travel a long distance. Due to this, shipping companies have also imposed ‘war risk surcharge’. Due to this, more expenses have to be incurred in bringing pulses to India. India is also a big importer of onion. In the event of war, the demand for onion has suddenly increased in the race to accumulate stock. Onion prices have also increased due to fear of disruption in the supply chain.
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