Iraq, currently dealing with a faceoff between US and Iran in the Gulf and another between Saudi Arabia and the Tehran regime, sees Kuwait as a safe harbour.
Oil tanker owners are doing everything possible to minimize risk in the Strait of Hormuz, a dangerous energy chokepoint. But rising US-Iran tensions in the Gulf region are no help.
The collusion between the new class of bureaucrats, politicians, businessmen and trade union bosses perpetuates itself partly because of the short-run benefits and partly because they see no way out of the system, wrote author MH Mody in 1980.
IAF is firming up plans to revamp airlift capabilities with medium transport aircraft that will be assembled in India & serve as its main workhorse. Embraer is leading contender as of now.
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