hit tech companies fear slowdown in spends
Published on: March 2, 2026, 6 a.m. | Source: The Economic Times
Iran-Israel war: The Strait of Hormuz, through which a third of the world's seaborne oil passes, was temporarily closed following the escalation, rattling global energy markets and threatening a price rise. With approximately 60% of India's oil imports sourced from the Middle East, higher crude prices could weaken US and European growth, forcing enterprises to cut discretionary technology budgets.
