The attacks in Saudi Arabia have sparked a discussion of how the US and its allies should retaliate, casting a pall over the fitful efforts at diplomacy.
The attack on Saudi's oil facility has show us how the world is still dependent on cheap Middle Eastern oil and the dysfunctional regimes that keep it flowing.
Secretary of State Michael Pompeo has asserted Iran was clearly behind attack, rejecting claim of responsibility by Iranian-backed Houthi rebels in Yemen.
The external affairs ministry reiterated India's resolve to "oppose terrorism in all its forms" after Houthi rebels launched drone attacks on a Saudi oil processing facility.
The US and its allies are trying to keep Iran in check, and has tried to pressure Saudi Arabia to de-escalate, whereas Iran is pushing the Houthis to dig in.
US officials said they had substantial evidence that Iran was behind the attack, not the Iranian-backed Houthi rebels in Yemen who claimed responsibility.
India buys more than two-thirds of its oil, mostly from the Middle East, which means if crude prices stay up, RBI may not be able to deliver more than 25 basis points of cuts.
In India, only 17% of public sector banks and 25% of private sector banks claimed to have an internal strategy for integrating climate risks into their risk management framework.
Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.
Both the governments expressed their commitment to strengthening their maritime cooperation to strengthen the maritime safety and security framework in the region.
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