Drone Attack on the Saudi Installation and Tensions in the Gulf
The attack on Saudi oil field in Khurais and refinery in Abqaiq on Sunday has knocked out 5.7 million barrel per day of oil supplies. This is half of Saudi daily oil production; it amounts to 5 percent of global oil supply. There have been attacks on the shipping and oil pipe-lines in the recent past in the Gulf. But in terms of scale, this is vastly different. This has the potential of triggering a major conflagration.
Dangers of optimism: India needs to guard against turning complacent
An unshakable optimism about the long-term destiny of India's economy is counter-productive at moments of crisis.
Seven plus one: India at the G7
The latest G7 summit is further evidence that the traditional guarantors of the international liberal order no longer possess the vision or will to sustain it. The divisions among the group’s members runs deep, on issues ranging from trade to climate change to tensions with China, Iran, and Russia. That two successive summits have ended without a joint communiqué suggests that while the G7 remains a gathering of similar, economically consequential states, the group’s politics is deeply fragmented.
Create a social contract between the state and its most alienated citizens
Modi must preserve the dignity of the ordinary Kashmiri. This is what he will be judged by.
New trade war in the East
With the South Korea-Japan spat escalating, it is unlikely that the US can play a mediatory role. The fallout of such dispute will affect the world economy.
The Pathos of Pakistan: With Article 370 gone, Pakistan loses its ‘jugular vein’ and its face
Pakistan is cornered after India revoked Article 370. But it is still a time of great caution for India. We must watch the neighbour's moves, his begging bowl in one hand, dagger in the other.
Britain does a ‘Britain’ as Europe Dithers like ‘Europe’
The European Union (EU) has been labouring hard to prove that it is serious about carrying more political heft in the world. Statements emanating from Brussels have made all the right noises in this direction. However, it seems that the usual pulls and pushes of managing a 28 country block is sapping all of the EU’s energy and delaying its advent on the international geopolitical stage. Moreover, the EU lacks hard power and it looks increasingly unlikely that it will acquire the same in the near future.
PM Boris Johnson’s first test will be to pull the UK out of the Brexit quagmire
India will continue to be seen as an important partner for the UK post-Brexit. Boris Johnson is fond of India and considers Narendra Modi a “political phenomenon”.
The day India’s banks died
They shouldn’t have been nationalized 50 years ago. So why is today’s government perpetuating the problem?
Crisis in the Inflammable Gulf
We are witnessing a rapidly aggravating crisis that can result in the outbreak of hostilities with consequences, unintended, uncontrollable and possibly frightful for the region and the rest of the world. We have not seen any serious effort on the part of the adversaries or others to de-escalate the crisis that originated with President Trump’s decision in May 2018 to walk out of the Iran nuclear deal, technically known as the JCPOA (Joint Comprehensive Plan of Action).