Trump’s Iran sanctions hit India
India may end up being the unintended victim of renewed U.S. sanctions on Iran. It will push up the price of oil and cost India billions of dollars annually
India may end up being the unintended victim of renewed U.S. sanctions on Iran. It will push up the price of oil and cost India billions of dollars annually
A conference in Doha on ‘Enriching the Middle East’s Economic Future’ offered many insights into the nature of geopolitical relations in the region and India’s significant role in it
The removal of 11 top ministers in the Riyadh government last week by the young crown prince Mohammad bin Salman, is a geopolitical upheaval, the implications are serious. Domestically, the kingdom is seeking to liberalise its conservative society and move away from oil-dependency – evident from the expected listing of its crown jewel Aramco. For India, which imports oil largely from West Asia, instability could cause a spike in prices, leaving less for its ambitious reforms. Globally, there is now space for new alignments – in the Great Power plays, in the Shia-Sunni rivalry, and in the war on terrorism.
China has expanded its presence in the Indian Ocean Region. President Xi Jinping has abandoned Deng Xiaoping’s conciliatory posture for an aggressive, money-fuelled search for super power status
Trends in technology, geopolitics and geoeconomics have dramatically transformed the global energy scenario in the last two years. This means favourable conditions for import-dependent India, which must use the opportunities available to reduce its vulnerability to high energy prices. The jump in oil prices past the $60 mark suggests that India must act with alacrity. India’s Energy Footprint Map offers a profile of India’s global trade and investment in energy, and indicates what India can do to access cheap and reliable supplies
The Russians have concluded that the Afghan Taliban offer a better shield against the Islamic State than the old Northern Alliance. A negotiated settlement in Afghanistan could be achieved if Washington and New Delhi join Moscow, Beijing, Islamabad and Tehran in a joint effort.
The July coup in Turkey did not achieve its objective of eliminating President Erdogan, who has, ironically, emerged a ‘national hero.’ Does this signal a new beginning? An analysis of the factors impending upon the colossal repair-and-rebuild task before the country.
The attempted coup on July 15 in Turkey as well as its aftermath have irreparably dented President Erdogan’s international image and impacted Turkey's standing as a democratic state, a military power, a NATO member, an EU aspirant, and an emerging economy. This downtrend is unlikely to be reversed in the near future and the country is in for an extended period of instability
With a cessation of hostilities been brokered by Russia and the United States, the conflict in Syria has entered a tense pause. India has had a bystander attitude to the conflict in Syria. However, with the truce expected to be short, does India have the incentive or the option to depart from its current position, and deepen its engagement in Syria?
Saudi Arabia, Russia and other oil producers are trying to cap oil production to support prices. Such distortions are unlikely to work. India should be more concerned about the long term rise in oil prices due to falling investment in exploration and production – and should protect itself by acquiring oil and gas assets to cover its energy needs.