India Moves to Buffer Economy Against Iran War Fallout

India’s government ramped up steps to curb foreign outflows and cushion the economy from the fallout of the Iran war.

State-run oil refiners raised gasoline and diesel prices by more than 3% on Friday, the first increase in four years, following a surge in crude prices. On Thursday, authorities tightened rules for importing gold into the country while local government employees in the capital region of Delhi were told to work from home twice a week to save fuel.