New Delhi, March 19 -- The war in West Asia has raised geopolitical vulnerabilities. These are not only affecting countries in the region that are directly or indirectly involved in the war, but also much of the rest of the world.

The closure of the Strait of Hormuz has already led to a spike in energy prices and shortage of petroleum products, including gas. India is also affected, given its dependence on the import of petroleum products for domestic consumption, both household and industrial.

While the shortage of liquefied petroleum gas (LPG) may not persist, its impact is unlikely to be restricted to the household and industrial sectors.

One sector that is likely to see major disruption is agriculture. Rising energy prices drive up...