Saudi Arabia feels Iran’s pinch
OPEC’s announcement of a cut in oil production shows that Saudi Arabia is being affected by low oil prices even as Iran gains ground
Courtesy: The Iran Project
Courtesy: The Iran Project
Courtesy: Wikimedia
Saudi-Russia oil production cap – can it work?
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.
Courtesy: Victor Dubreuil / Wikipedia
The Gulf storm ahead
The GCC finds itself engulfed by a perfect storm – due to the oil price fall and the re-emergence of Iran on the world scene. While the GCC is forced to undertake politically challenging reforms and confront the regional challenge of Iran, there lies a great opportunity for India to strengthen their economic as well as security ties.
Courtesy: Risingpowersinitiative.org
India’s Iran opportunity
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: MEA Flickr
Berthing a new era at Chabahar
The strategic and geopolitical importance of Iran’s Chabahar Port is not lost on India. It is for this reason that India is keen to partner with Iran on investing in developing berths at the Port. Although the relationship between the two have had its ups and downs, it is time that with a nuclear deal in place between Iran and the P5+1, India realises that it has much more at stake in its relationship with Tehran.
Courtesy: East Asia Forum
Is the Iran deal a plus for South Asia?
The nuclear deal with Iran benefits India and Pakistan in terms of energy security and connectivity. But both countries also face challenges in their prospective engagement with Tehran, and both will have to tread carefully while using the new opportunities.
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India-GCC: Oil for jobs
The jobs of 6.5 million Indians working in GCC countries could be at risk due to the fall in global oil prices. Securing the interests of these workers should be on Prime Minister Modi’s agenda when he visits UAE on August 16-17
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Cheap oil is costing West Asia
The oil-rich GCC countries are starting to show signs of financial stress maintaining high defense and social spending while the price of oil remains low
Courtesy: Wikipedia
Iran sanctions: journey’s end
A journey which began in Istanbul in 2012 ended in triumph in Vienna in July 2014, as the P5+1 countries and Iran announced a Joint Plan of Comprehensive action that would see Iran free of all economic sanctions while upholding the right to a civil nuclear programme. While this journey, fraught with challenges, technically is over, the ratification battle in the U.S. congress commences now
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The Iran deal opens a window of opportunity for India’s energy security
Amit Bhandari, energy and environment fellow, speaks to Dev Lewis, Gateway House, on the impact of the Iran deal on global energy markets. He also outlines why this is a window of opportunity for Indian business