Oil price shock to widen current account deficit, push inflation higher as US-Iran war continues: Expert
- Posted on May 16, 2026
- By Business News Today
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- 1 min read
Oil price shock to widen current account deficit, push inflation higher as US-Iran war continues: Expert
With no sign of the US-Iran war ending and global oil prices likely to reach record highs within a quarter, Santosh Mehrotra, former Economic Advisor to the United Nations, warned that India's current account deficit could widen by 0.3 per cent of GDP for every USD 10 rise in oil prices.
