Amid elevated global crude oil prices and an energy crisis triggered by the U.S.-Iran war, Prime Minister Narendra Modi on Sunday (May 10, 2026) called for collective participation to help the country withstand global economic uncertainties, supply chain disruptions and inflationary pressures. He urged citizens to make, what he described as, “nationally responsible” lifestyle choices and promote the use of local products, asking “how can the nation progress if we depend on imports for everything”. Mr. Modi appealed to people to avoid non-essential purchases of gold for one year to reduce pressure on foreign exchange outflows and advised against going on foreign tours.
Iran sent its response to the latest U.S. ceasefire proposal via Pakistani mediators and wants negotiations to focus on permanently ending the war, but President Donald Trump quickly rejected it as “totally unacceptable!” (written in uppercase) with no details. Iran seeks to end the war on all fronts, including in Lebanon, where Israel is fighting the Iranian-backed Hezbollah militant group, and to ensure the security of shipping, state TV said.
