Syed Firdaus Ashraf marches through time to trace the bitter history between Russia and its West European neighbours.
The oil industry experienced three upheavals between 1973 and 1991, which seem to be etched in the memory of the industry's decision makers. Naturally, at the sign of a new crisis, the decision makers like to dip into those tumultuous decades to find ways to deal with the new shock, in addition, of course, to expert reports and forecasts. So, the industry bigwigs turned the pages of history to get a peek into the future of oil price movements after Russia invaded Ukraine in 2022, Israel attacked Gaza in 2023, Iran-linked Houthi rebels pounded tankers crossing the Red Sea in support of Palestine the same year, and Iran rained missiles on Israel in 2024.
The latest flashpoint in West Asia has derailed India's preliminary plans to resume crude oil imports from Iran, officials said. In January, officials of the Ministry of Petroleum and Natural Gas had told Business Standard that the government had been studying proposals for the same, given that India was trying to expand sources of imports. "We are always monitoring the situation when it comes to crude flows.
'Trump's desire to withdraw the US from some arenas on the global stage will result in ceding space to China.'
US President Joe Biden, who arrived in a surprise visit to Kyiv on Monday, reaffirmed America's unwavering commitment to Ukraine's democracy, sovereignty, and territorial integrity.
After lagging behind the broader market over the past three and six months, defence sector stocks have regained ground, reversing their performance from the past month. Concerns about slowing order inflows, execution hurdles, supply chain disruptions, and high valuations had weighed on the sector.
Global head of equity strategy at Jefferies, Christopher Wood, has cut his exposure to Indian equities by one percentage point in the Asia-Pacific ex-Japan relative-return portfolio, and Australia and Malaysia by half a percentage point each in favour of China, which has seen a hike in exposure by two percentage points. The rally in China has been fast-forwarded by the approach of a seven-day holiday with the CSI 300 Index up 8.5 per cent on Monday, and 25.1 per cent in five trading days, he said.
Beijing will be intently watching Washington's response for any hint of weakness. Xi Jinping, who feels China has a limited window of strategic opportunity, will be emboldened to take additional initiatives in the Indo-Pacific and specifically against India and Taiwan, warns Jayadeva Ranade, the former senior RA&W officer and China expert.
We have already suffered considerable collateral damage as a result of the war, and its continuance will continue to dampen our prospects for faster economic growth. We have a direct and legitimate interest in its early cessation, counsels former foreign secretary Shyam Saran.
India has maintained communication with both Russia and Ukraine. It is time Narendra Modi steps up on the world stage and plays the role of peacemaker, suggests military historian Colonel Anil A Athale (retd).
'Had Haji Pir and/or Skardu been taken, the message would have gone out not just to General Asim Munir and his cohort in the Pakistan army but to the Pakistani people that every terrorist incident in India would lead to substantial loss of territory in PoK.'
India, the official said, has a long history of relations with Russia. They have interests with Russia that go back many, many decades.
Putin expressed concern over the situation in Gaza, and said Palestinian President Mahmoud Abbas has been invited to BRICS events.
The minister said this underlying resentment and pain of those countries regarding the global economy was building up for the last 15-20 years and the COVID-19 pandemic and the Ukraine conflict resulted in prices of energy and food items going up.
A group of top American Senators who met Prime Minister Narendra Modi last week said they made a case to him that this is a battle between autocracy and democracy, and emphasised that democracies must unite in increasing their help to Ukraine.
'Transformation of Ukraine into some kind of permanent strategic challenger, which Russia would have to contain and deter, spend a significant part of political and strategic resources on it.'
Whether it liked it or not, the Ukraine crisis forced India to choose between the aggressor Russia and the US-led free world, a decision it hated to make, Virendra Kapoor points out. In the end, it abstained from the vote in the Security Council.
Two days ahead of his crucial visit to Ukrainian capital Kyiv, Prime Minister Narendra Modi on Wednesday said he was looking forward to sharing perspectives with President Volodymyr Zelenskyy on a peaceful resolution of the Ukraine conflict.
Days after Prime Minister Narendra Damodardas Modi and China's President Xi Jinping expressed their concerns about the war in Ukraine with Russian President Vladimir Putin at the SCO summit in Samarkhand, the tyrant of the Kremlin has raised the military stakes in the conflict.
'As long as we have such partners, Russia cannot be isolated.'
Lavrov also noted that the G20 Summit in New Delhi provided a direction towards fairness in global governance and global finance as well.
Putin said the purpose of the West is to weaken, divide and ultimately destroy Russia.
Singh's comments that the nuclear option should not be resorted to is a message to Russia as well as Western powers backing Ukraine, people familiar with the matter said. Ukraine does not have any nuclear arsenal.
Ukrainian President Volodymyr Zelenskyy told the United Nations Security Council that 'we have to prepare' the second peace summit to end the Russia-Ukraine war 'altogether' and he has invited India and other countries to join the peace process.
Asked about the recent meeting between Modi and Xi, and if Russia had any role in it, Alipov said, "We have not played any role in it, but we are happy that it took place in Kazan... We wholeheartedly welcome the meeting."
However, at this moment it looks "extremely difficult" because Ukraine does not want to hold discussions and wants the International Court of Justice to judge Russian President Vladimir Putin, Laura Haim said on Friday.
Whether this remains under control in the coming months will depend on the future intensity and spread of the Russia-Ukraine war, and the effectiveness of the Indian government's response, points out A K Bhattacharya.
India has been stoutly defending its "special and privileged strategic partnership" with Russia and maintained the momentum in the ties notwithstanding the Ukraine conflict.
At the PMO, policies are framed by factoring in analytical perspectives, implications, sustainability, and other dimensions.
In the weeks between his phenomenal electoral victory and swearing-in as the 47th president of the United States, the world got a preview of what a second Donald Trump presidency will entail -- both for itself and America.
'Unsurprisingly, Trump shared Modi's podcast with Fridman on his Truth account.' 'The intentions of Trump, a transactional president, are never easy to tell.' 'We will know in the next fortnight if and when he unfolds reciprocal tariffs on Indian goods, whether Modi's flattering words made any significant difference to Trump's compass,' notes Ambassador M K Bhadrakumar.
Brinkmanship in the Taiwan Strait will not only be a recipe for disaster to both China and Taiwan, but also to international peace and stability, warns Rup Narayan Das.
As Donald Trump registered a historic comeback in the US presidential election, many former Indian diplomats on Wednesday concurred that the India-US ties will "continue to grow" from strength to strength, even as some of them cautioned that Trump is "highly unpredictable" and New Delhi will have to "wait and watch" to see what position he adopts going forward.
The war between Russia and Ukraine appears to be entering a new phase after Kyiv dealt a big blow to Moscow's grip on parts of the east with a fast-moving offensive that saw Ukrainian troops enter the strategic city of Izium after six months of occupation.
India and China have made "some progress" in disengagement, External Affairs Minister S Jaishankar said on Sunday, describing it as a "welcome" move which opens up the possibility that other steps could happen.
India voted in favor of a United Nations General Assembly resolution that called for the withdrawal of Israel from the Palestinian territory occupied since 1967, including East Jerusalem, and reiterated the call for achieving a comprehensive, just and lasting peace in West Asia. The resolution, tabled by Senegal, was adopted with 157 nations voting in favor, while eight nations voted against it and seven abstained.
White House press secretary Jen Psaki warned of the potential use of chemical weapons in Ukraine after Moscow alleged the United States was housing biological weapons in Ukrainian territory.
India has not yet condemned the Russian invasion of Ukraine and it has been maintaining that the crisis must be resolved through diplomacy and dialogue.
'We are trying to trace them.' 'We feel their phone batteries must have died because they are travelling by road.'
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