For India, each $1 increase in crude adds roughly $2 billion to the annual import bill, putting pressure on the trade balance. Oil-sensitive sectors such as oil marketing companies, paints, tyres, aviation and chemical companies may face margin compression. #iran #israel #india #modi #netanyahu #trump #crudeoil #khamenei #middleeastcrisis #middleeast #saudiarabia #lebanon #beirut #abhinavtrivedi #narendramodi