The West Asia conflict could widen into a broader supply shock for the Indian economy as it depends on large imports of oil, gas, fertilizers and industrial raw material from the region, according to a study by trade policy think tank Global Trade Research Initiative (GTRI). The most immediate vulnerability lies in petroleum. In 2025, India imported about $70bn worth of petroleum crude and products from West Asia. Qatar’s Petronet LNG has stopped LNG supplies to GAIL from March 4, 2026 .In 2025, India imported $9.2 billion worth of liquefied natural gas (LNG) from West Asia, accounting for 68.4% of its LNG imports. LNG is used by fertiliser plants, gas-based power stations and city gas distribution networks that supply compressed natural gas (CNG) for vehicles and piped cooking gas for households.