No crisis, preparing to deal with all kinds of situation: Pradhan on heightened US-Iran tensions

New Delhi: With global oil prices hitting three-month high on heightened US-Iran tension, India is preparing to deal with all kinds of situations, Oil Minister Dharmendra Pradhan said on Wednesday, asserting that there was “no crisis” for the world’s third-largest energy consumer. Crude oil prices rose to a three-month high of almost USD 72 a barrel soon after Iranian air-strikes against US-Iraqi military bases, but cooled off amid speculation that Tehran is opting for limited retaliation over the killing of its top general.

“There is no crisis,” Pradhan told reporters here. “We are preparing to deal with all kinds of situations”.