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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.
Courtesy: Sputnik India
Tensions in West Asia have disrupted global shipping and revived interest in the Chennai-Vladivostok Eastern Maritime Corridor. Better freight and passenger connectivity between Southern India and Russia’s Far East will open new areas for bilateral cooperation such as the export of machinery, auto parts and engineering goods from India, and progressively integrate the economies of the two countries.
Courtesy: Reuters
India and France are both large energy importers with a shared interest in stable prices and decarbonisation. They have much to offer each other. France is a leader in nuclear power and green hydrogen, and can help India with the technology it needs. India, with its large and growing market, can help bring down the cost of these technologies and mainstream them.
Courtesy: CNBC
A well-supplied oil market, along with new investments in oil exploration and production means that pending a major disaster, India will not have to worry about oil prices in the coming year.
Courtesy: Revolutionary Communist Group
Venezuela's claim to the Essequibo region of neighbouring Guyana has focused world attention on yet another colonial-era border dispute. With elections coming up, the declining Venezuelan economy laying claim to newly-discovered rich oil and mineral deposits in Guyana has some traction. For Guyana, the claim to its land is non-negotiable as this developing country looks forward to accessing its own wealth. Purvi Patel, Visiting Fellow at Gateway House and Latin America expert, offers her insight.