The oil supply update by the minister attaches importance, given that the international oil prices shot up sharply post the early morning attack on Iran by Israel. At the time of filing this report, crude oil WTI futures were trading 6 per cent higher at USD 72.04 per barrel.
Israeli Prime Minister Benjamin Netanyahu called Prime Minister Narendra Modi on Friday and briefed him on the evolving situation in the wake of Operation Rising Lion launched by Tel Aviv against Iran.
In a press release, Nepal's Ministry of Foreign Affairs (MoFA) stated, "Nepal urges both sides to avoid escalation and adopt conciliatory approach for peace and stability in the region and beyond. Use of diplomatic channels for dialogue would be instrumental towards de-escalation of the situ
During the talks, the leaders showed understanding for Israel's defence needs in the face of the Iranian threat of annihilation, Israel Prime Minister's Office stated.