Iranian President Masoud Pezeshkian declared that Tehran will not surrender to the United States, emphasizing Iran's resistance against aggression from both the U.S. and Israel during his address to Indian religious leaders in New Delhi on September 12, 2026 [1]. Pezeshkian is visiting India for the BRICS Summit and held a bilateral meeting with Indian Prime Minister Narendra Modi, where Modi stressed the importance of resolving the Middle East conflict through dialogue and diplomacy, and highlighted concerns about the safety of seafarers and the need for freedom of navigation and commerce [1].
The ongoing conflict between the U.S. and Iran, which escalated sharply in February 2026, has led to significant disruptions in oil shipments through the Strait of Hormuz, stranding ships and seafarers for extended periods [1]. Global crude oil prices have surged in response to the escalation, posing a major challenge for energy-importing countries like India, which relies on the Strait of Hormuz for nearly 85% of its fuel needs [1].
The conflict has directly impacted Indian crews, with two vessels carrying 30 Indian seafarers attacked in July while transiting the Strait of Hormuz. According to the Indian government, 10 seafarers have lost their lives due to the conflict in the Middle East [1]. Modi reiterated his appeal for peace and diplomatic resolution, underscoring the vulnerability of India's energy supply chain and the broader economic risks posed by rising energy prices [1].
Pezeshkian's remarks came shortly after U.S. President Donald Trump asserted that military action against Iran was necessary to prevent further escalation, stating, "If I had it to do again, I would do exactly what I did" [1]. The meeting between Modi and Pezeshkian was marked by a display of warmth, symbolizing the historic friendship between India and Iran, despite the ongoing regional tensions [1].
CONCLUSION
The escalation of conflict between the U.S. and Iran has led to surging oil prices and significant disruptions in global energy supply chains, particularly affecting India. Both leaders called for dialogue and diplomacy, but the market remains highly sensitive to further developments in the region. The ongoing instability underscores the vulnerability of energy-importing economies and the urgent need for peaceful resolution.