New Delhi, Oct. 6 -- The economic impact of the Iran conflict could hit Indian producers before consumers as higher oil prices feed into wholesale prices, with the pressure eventually passing through to consumption, Ran Li, Senior Economist at the World Bank, told ANI in an exclusive conversation in Delhi on Tuesday.

Li said the main channel through which the conflict could affect India's economy is through oil imports and prices. The increase in oil prices has already started showing up in wholesale inflation, which affects producers more directly.

"The main channel from the Iran conflict will be through the import of oil and then through the price," Li told ANI.

"The WPI which affected the producers most has surged already since June...