Indian Prime Minister Narendra Modi, amid ongoing turmoil in the Middle East and rising economic concerns, has urged his country’s citizens to refrain from purchasing gold for one year and to reduce fuel consumption. This appeal comes as fuel prices have surged due to the closure of the Strait of Hormuz. According to reports, about 90% of India’s imported liquefied gas is transported via the maritime passage of the Strait of Hormuz, a strategic route that plays a crucial role in supplying energy to Asian countries. The Prime Minister has also encouraged people to work from home whenever possible and to conserve oil usage. He emphasized that reducing consumption could help mitigate some of the economic pressures caused by disruptions in energy supply. Economic experts warn that continued instability in this maritime corridor could impact global energy markets and further challenge countries reliant on oil and gas imports, including India.<\/p>\n","protected":false},"excerpt":{"rendered":"
Indian PM Modi calls on citizens to stop buying gold for a year and reduce fuel use amid Middle East turmoil and fuel price hikes.<\/p>\n","protected":false},"author":2,"featured_media":12767,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17,6],"tags":[],"class_list":["post-12768","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-important-news","category-international"],"_links":{"self":[{"href":"https:\/\/atlaspress.news\/en\/wp-json\/wp\/v2\/posts\/12768","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/atlaspress.news\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/atlaspress.news\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/atlaspress.news\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/atlaspress.news\/en\/wp-json\/wp\/v2\/comments?post=12768"}],"version-history":[{"count":0,"href":"https:\/\/atlaspress.news\/en\/wp-json\/wp\/v2\/posts\/12768\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/atlaspress.news\/en\/wp-json\/wp\/v2\/media\/12767"}],"wp:attachment":[{"href":"https:\/\/atlaspress.news\/en\/wp-json\/wp\/v2\/media?parent=12768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/atlaspress.news\/en\/wp-json\/wp\/v2\/categories?post=12768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/atlaspress.news\/en\/wp-json\/wp\/v2\/tags?post=12768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}