As the tensions between Israel and Iran continue to escalate, India is keeping a close watch on the situation and reviewing developments on a daily basis, petroleum minister Hardeep Singh Puri said on Monday.

Despite stunning early successes in Israel’s unprecedented strikes on Iran, a weekend of intensive bombardment and retaliation is raising questions about Israel’s exit strategy – how it can end this conflict with its ambitious goals achieved.

While New Delhi in a challenging diplomatic position, the surge in global oil prices presents a formidable challenge for India's economy