Israel’s per capita income is higher than that of nations like UK & Germany. Its annual inflation rate has been in single digits since 1990s, and it is an export-surplus country.
Indian refiners are testing Venezuelan barrels again as Russian supply sinks, but analysts say volumes will remain limited due to refinery constraints & supply capacity.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
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