Farooq Abdullah Warns of Impending Energy Crisis and Economic Decline Due to Middle East Tensions

SRINAGAR, MAY 12, 2026 :- National Conference president Farooq Abdullah has expressed grave concerns regarding the stability of the national economy and a looming energy shortage if the ongoing conflict in West Asia is not resolved immediately.

Speaking to reporters in Srinagar, the former chief minister warned that India is heading toward a significant fuel and gas crisis that could lead to widespread disruption.

Highlighting the severity of the situation, Abdullah noted that the government is considering moving schools to an online format to conserve fuel. However, he cautioned that such a move could hinder education as many students lack the necessary digital infrastructure, emphasizing that a balanced solution is vital for the future of the youth.

Addressing the broader economic landscape, Abdullah asserted that the country’s economy is in a fragile state and could face further deterioration if the Iran-United States conflict persists. His remarks follow recent calls from the central government for citizens to conserve fuel and reduce gold imports to protect foreign exchange reserves against surging global energy prices.

On the domestic front, Abdullah dismissed recent demands from the People’s Democratic Party to ban alcohol, characterizing the move as criticism for the sake of opposition.

He stated that the government would consider such a ban only if the Centre provided financial relief to offset the subsequent loss of revenue for Jammu and Kashmir.