India is not alone in encountering this dynamic, but its high oil import dependence and increasing energy demand render its exposure particularly significant.
Saudi Arabia is aiming for $80 per barrel to support the valuation of Saudi Aramco before an initial public offering. This price hike is certainly going to pinch the Indian government.
The oil math is skewed against the White House. The blockade has a slim chance of working. Iran can remain defiant, and China unconcerned, longer than Trump can remain solvent.
IEA projects sharp reversal from its earlier expectations, with global demand for oil in 2026 turning negative. Hormuz disruptions have pushed crude prices to $130 per barrel.
We now live in a world order that will keep shifting. India must use this window. This also means we remain disciplined enough not to be knee-jerked into reacting to what Pakistan sees as its moment in the sun.
COMMENTS