South Asia
India's Persian Gulf Dependence Becomes a Liability as Hormuz Crisis Deepens
India secured 60 days of crude oil supply and slashed fuel duties on Thursday as the near-closure of the Strait of Hormuz sent the rupee to a record low. The Indian government was forced to invoke emergency commodity laws, an unmistakable sign that a conflict thousands of miles away is landing hard on one of Asia's largest economies.
The India-U.S. Trade Negotiations: Tariff Relief and the Russian Oil Dilemma
As New Delhi and Washington navigate trade tensions, the balance between energy sufficiency and international alliances remains unpredictable. The negotiations could pronounce India’s standing between the East and West.