Courtesy: The Economic Times
“Economic D-Day”, recently announced by the U.S. Trump administration, will put additional sanctions on any party which facilitates any activity with Iran. India, Iraq, Turkey, and the UAE could be affected. But ironically China, the biggest supporter of Iran’s regime, may be off the hook given the deep mutual over-reliance with the U.S. and the risk that further sanctions on China could put the global financial system in jeopardy.
Courtesy: X / @MEAIndia
As 25 years of the Shanghai Cooperation Organization (SCO) culminate in Bishkek, India waits intently, assessing the SCO's development. With PM Modi representing India from August 31–September 1, 2026, having previously chaired the SCO Council of Heads of Government in 2020, the forthcoming summit should provide an opportunity for the Indian delegation to take stock of the current status of previous initiatives and their advancements.
Courtesy: KNN
The UAE’s recent exit from OPEC, and the U.S. push to sell more oil to India are markers of a new order in the oil world with demand security at a premium. As a major oil importer, India must respond to it smartly. It must develop deeper partnerships with both the UAE and U.S., and a new financial ecosystem and benchmarks for the new order.
Courtesy: Gateway House
history, the Palestine issue, the creation of Israel, and strained U.S.-Iran ties. India’s former ambassador to India, Saurabh Kumar, witnessed the hope of the Joint Comprehensive Plan of Action and its collapse. Unfulfilled hopes have led to reignited tensions. The U.S.-Israeli objectives of regime change are still unmet, and Iran’s survival marks a strategic outcome, despite its domestic economic and military strain. Ambassador Kumar discusses Iran and the ongoing crisis in West Asia.
Courtesy: @DrJaishankar/X
South Korea and India have much in common – both are Indo-Pacific players, oil importers and business-oriented economies. Yet, despite the ubiquitious and successful presence of Korean companies in India’s markets, the political relationship has been weak, and underperformed. The recent state visit by South Korean President Lee Jae-myung to India along with a slew of economic and strategic agreements signed, is an effort to recalibrate the relationship.
Courtesy: Gateway House
Following the U.S.–Iran ceasefire and partial reopening of the Strait of Hormuz, energy flows may resume, but uncertainty persists. Robin Mills, CEO of Qamar Energy, and Amit Bhandari, Senior Fellow on Energy, Investments and Connectivity, Gateway House, note that Iran will retain leverage and will continue influencing prices and supply chains. Natural gas shortages will further disrupt fertiliser production and fuel inflation world-wide.
Courtesy: Presidential Communications Office
The West Asia conflict has disrupted global stability, impacting ASEAN economies and diplomacy. As chair, the Philippines balances its alliance with the U.S. and regional neutrality, while Indonesia and Malaysia reflect domestic support for Arab states. With energy shocks, remittance risks, and inflation rising, ASEAN’s limited influence is evident. Has ASEAN once again been drawn into a vortex of crises beyond its control?
Courtesy: AFR
The Persian Gulf conflict has already impacted India’s oil imports and financial security. However, India has not created meaningful options to protect itself from oil shocks over the last decade – and such shocks will continue. Now is the time for India to make equity investments in oil and gas companies in stable economies like the U.S., Canada and Australia, to protect itself from future energy crises.
Courtesy: MSN
The war in the Persian Gulf has already caused significant disruption in India’s South Asian neighbours. A prolonged conflict is likely to push the region back into economic and political crises from which it had been hopeful of emerging this year.
In December, India and Oman signed a Free Trade Agreement – a formalisation of exchanges which are, in fact, two hundred years old. These were led by the Indian merchant diasporas, especially the Bhatia, Bohra, Khoja, Khimji and Jain communities, which used Omani-controlled maritime networks to link Bombay with East Africa. These networks still endure, and among the oldest, strongest, and culturally richest are the Bombay-Oman-East Africa connections.
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