India, UAE sign MoU for strategic petroleum reserves, here's why it holds significance amid US-Iran conflict

Prime Minister Narendra Modi is in the United Arab Emirates (UAE) during his six-day tour. PM Modi, during his around four-hour stay in the Gulf nation, held wide-ranging talks with President Sheikh Mohamed bin Zayed Al Nahyan. The two countries have signed a memorandum of understanding (MoU) regarding Strategic Petroleum Reserves. An agreement was reached concerning the long-term supply of Liquefied Petroleum Gas (LPG), and an MoU was signed for the establishment of a Ship Repair Cluster at Vadinar in Gujarat.