🇮🇳 India Miscellaneous🇮🇳 India
India-UAE Sign Deal to Build 30 Million Barrel Oil Reserve — Here's Why It Matters
Times of India·Thursday, 11 June 2026
India and the UAE have started implementing energy security initiatives announced during PM Modi's recent visit to the UAE. The two countries are working to expand strategic oil reserves to 30 million barrels. The move comes as geopolitical risks in the Middle East continue to persist.
Why It Matters
India imports a huge share of its oil, so building up reserves is a direct shield against supply shocks and price spikes that hit every Indian at the fuel pump.
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