Following Prime Minister Narendra Modi's appeal for fuel conservation amid the ongoing war in West Asia, the Indian government is preparing to engage with industry stakeholders to discuss potential measures to address the economic fallout. The finance ministry has begun internal discussions, emphasizing the need to avoid rash actions that could negatively impact market sentiment. Officials highlighted that while they are examining various options, there will be no restrictions on outward remittances under the Liberalised Remittance Scheme (LRS), as such measures could deter investors. The conflict has caused disruptions in global energy supplies, particularly through the Strait of Hormuz, leading to rising crude oil prices. Currently, Brent crude is trading at $103.68 per barrel, a significant increase from $72 per barrel prior to the conflict's onset in February. Experts estimate that every $10 rise in oil prices sustained over a year could increase India's import bill by approximately $13-14 billion, impacting the country's GDP by about 0.4%. As the situation evolves, the government is also considering guidance on remote work for sectors where physical presence is not essential.