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Imported bitumen is much cheaper than the domestic product and 40 per cent of India's highway needs come from the Gulf. Not only has bitumen supply been hit, but the hostilities in West Asia has also had a cascading effect on other construction costs, such as haulage

Gulf allies including Saudi Arabia and the UAE are urging the U.S. to continue its military campaign against Iran, saying the country has not been weakened enough. Saudi Crown Prince Mohammed bin Salman has told U.S. officials that further action would serve long-term regional interests. The developments come even as the U.S. signals it may be willing to end the war without securing a deal to reopen the Strait of Hormuz.

The U.S. is signalling a shift in its approach to the Iran conflict. After warning on March 30 that it could strike Iran's civilian infrastructure if Tehran did not reopen the Strait of Hormuz, U.S. President Donald Trump has now told aides he is willing to end the military campaign even if the key shipping route remains largely closed.