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The advent of the pro-oil Donald Trump in the U.S. and the strong pushback by developing countries to the unsatisfactory COP29 proposals, has opened opportunities for India in the energy sector. Instead of investing in overseas oil facilities, India will be better served as a financial investor in listed companies in large economies. This approach will help forge closer ties with strategic partners.
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Donald Trump has re-entered Washington with the backing of a solid political base, a redefined Republican Party, and a more seasoned presence on the international stage, including in the Middle East. Since his last imprint on that region in 2016, 2024 presents significant shifts: alliances redefined, regional power dynamics realigned, trade networks transformed, and urgent security challenges restructured. These changes demand strategic recalibration from all stakeholders.
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The Maritime Silk Road, the Belt and Road Initiative, and a sizeable catalogue of agreements with actors from Kabul to Tel-Aviv have been the basis for the growing presence of China spanning the military, diplomatic, economic, and political spheres in the Middle East.
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In the backdrop of the Shanghai Cooperation Organisation summit being held in Islamabad this week, is a restive state and peoples. Three high profile attacks in just a week were followed by a show of defiance from the large Pashtun community, demanding political equity – but also electricity concessions. The military has been stepping in to resolve commercial power deals, underlining the criticality of this issue in Pakistan.
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A potential escalation of the Iran-Israel conflict will affect energy supplies globally. Tempering the conflict will help the U.S. keep petrol prices down before its election, protect the oil and gas export traffic in the Persian Gulf, keep the surreptitious Iran-Malaysia-China oil sales going, and prevent a major headache for India, which imports over 80% of its oil.
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A decade after its launch, China’s Belt and Road Initiative has slowed down in South Asia, the result of poorly conceived projects, and irresponsible behavior from borrower and lender alike.
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The 22nd India-Russia summit, held in Moscow on July 9 during Prime Minister Modi’s official visit, focused on expanding bilateral economic, energy, cultural and defense cooperation. It indicates the two nations’ commitment to adding substance and new momentum to their relationship. The long-delayed summit, which coincided with the NATO summit in Washington, should be viewed through the wider lens of a multipolar world.
Courtesy: Sputnik India
Pakistan’s peripheral regions have long been treated as colonies to benefit the Punjabi core. This neglect is facing a vigorous pushback, in the form of peaceful protests and violent resistance. The economic crisis has exacerbated tensions in Baluchistan, Khyber Pakhtunkhwa and Gilgit-Baltistan, which remain poor despite abundant natural resources.
Courtesy: GEP
As India begins membership talks with the International Energy Agency, Senior Fellow for Energy, Investment, and Connectivity at Gateway House, Amit Bhandari joins us to talk about how we got here, what’s in it for both parties, and how the agency will adapt to the increasing strategic autonomy of India and countries like it.
Courtesy: ET Insights
The geopoliticisation of the Israel-Hamas war has given birth to a new era of ruthlessly pragmatic and overlapping interests of multiple powers and actors. This is visible in the region of Middle Eurasia, the centre of the ongoing rearrangement of the world order.