India urges Iran and US to maintain peace by fearing consequences regional instability, rising oil prices

India urges Iran and US to maintain peace by fearing consequences regional instability, rising oil prices

India has asked the US and Iran to exercise "restraint" in order to avoid destabilising the region after General Qassem Soleimani, head of the Quds Force of Iran's Islamic Revolutionary Guard Corps (IRGC) was killed on Friday following air raids by the American forces at Baghdad's International Airport.

In a press release, the Ministry of External Affairs noted with concern the increased tensions that could impact peace and stability.

"We have noted that a senior Iranian leader has been killed by the US. The increase in tension has alarmed the world. Peace, stability and security in this region are of utmost importance to India", said the MEA statement.

Statement issued by the Pentagon said that the strike was retaliatory in nature after the US embassy in Baghdad came under attack and was directly sanctioned by the US.

"He had orchestrated attacks on coalition bases in Iraq over the last several months - including the attack on December 27th - culminating in the death and wounding of additional American and Iraqi personnel. General Soleimani also approved the attacks on the US Embassy in Baghdad that took place this week," the statement said.

India has urged both sides to exercise restraint. "It is vital that the situation does not escalate further. India has consistently advocated restraint and continues to do so", the MEA statement read.

India a close ally of both the countries will have to do a tightrope walk. For India the stakes remain high since it already was pushed by US sanctions into a corner in not doing business with Iran, any further escalation could put India's Chabahar project in jeopardy.