How may the Middle East war cause 'demand shock' in India, as per RBI?

RBI Governor Sanjay Malhotra said rising oil prices could increase inflation, while disruptions in energy markets, fertilisers and other commodities may hit industries, agriculture and services in India. Heightened uncertainty, risk aversion and safe haven demand may impact domestic consumption and investment, he said. "Initial supply shock can potentially transform into a demand shock," he added.