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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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As Iran begins to re-integrate with the global economy, the politics in West Asia are bound to be impacted. Will Iran be the new Turkey? Is Turkey going down the path of Pakistan? M.D. Nalapat, director of the School of Geopolitics at Manipal University and Manjeet Kripalani, executive director, Gateway House join our national security fellow, Sameer Patil, to discuss these questions, and more.
Courtesy: Risingpowersinitiative.org
Iran has emerged on to the world stage after 36 years of isolation. India must double up its diplomacy and commercial engagement with Iran, and move boldly beyond the curtain of ‘civilisational’ ties. Time to put that natural advantage to good commercial use through a vigorous private sector engagement with Tehran.
Courtesy: Wikipedia
A possible Iran nuclear deal means a longer window of lower oil prices. But the glut of oil supplies is already resulting in cutbacks to oil exploration and production spending, and will eventually lead to higher energy prices. Before that happens, India must use this opportunity to lock in prices