Though the armed flare-up between the two countries confirmed what the world had feared ever since US President Donald Trump walked away from the US-Iran nuclear deal in May 2018, the rising hostility has not yet affected the overall oil production or supply of crude oil, which shot up by about $10 per barrel since the US forces based in Iraq killed Soleimani in a drone attack.
The shortfall in oil supply due to tension and instability in West Asia is not a major issue for India as this can be met by enhanced supplies from other oil-producing regions. What is worrying for countries like India that depend almost entirely on imports for all its oil needs is that the oil prices can go up and stay in the higher region. This can seriously impact the fiscal deficit and the consumer price index in the medium and long terms.
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US-Iran Hostility: India Feels Heat Of Crude Oil Price Hike
The geopolitical tension triggered by the killing of Iranian Islamic Revolutionary Guards Corps’ (IRGC) top military leader Qasem Soleimani and the subsequent retaliatory missile attacks on American military bases in Iraq by Iran has brought many countries including India to the edge.
Railways Financial Stress: Is Economic Slowdown The Main Reason?
The Indian Railways (IR) has been going through a rough financial patch for the last few years.
Threat Of A Third World War?
Renewed tension in West Asia forebodes a troubled 2020.
IT sector boosts employment after sluggish growth
India is the largest off-shoring destination for Information Technology (IT) companies across the world.
Indian handicrafts need new vision to compete globally
High-quality handicraft goods
AHSI hosts Bicentennial Flower Show and World Regional Rose Convention 2020
The Agri Horticultural Society of India (AHSI) recently celebrated its bicentenary year by hosting the Bicentennial Flower Show and the World Regional Rose Convention 2020.
Falling Investments, Rising Trade Barriers Bring Down Global Growth
The global economy is slowing down. Will it fall further?
Landmark Judgements To Stop Animal Cruelty
Some of our judges are now beginning to understand what animal cruelty does to a nation and act on it.
Opportunities And Challenges In The Aviation Sector
The Bharat Chamber of Commerce organised a national seminar and an exhibition on the ‘Indian Aviation Sector: Opportunities and Challenges’ at the Park Hotel, Kolkata. The prospects of private participation in maintenance, overhaul, and repair were discussed.
India Needs To Learn A Lesson From Brexit
The verdict given by the people of the United Kingdom in 2016 in favour of quitting the European Union (EU) is popularly known as ‘Brexit’. People who voted for Brexit argued that it was because of the adoption of erratic neo-liberal policies that had led to livelihood crises.
US NAVY PLANS LAUNCH OF MIDEAST DRONE FORCE ALONGSIDE ALLIES
The U.S. Navy’s Mideast-based 5th Fleet announced the launch of a new joint fleet of unmanned drones with allied nations to patrol vast swaths of the region’s volatile waters as tensions simmer with Iran.
DIGITAL WARFARE TECH AT SEA HELPING US FOES EVADE SANCTIONS
Technology to hide a ship’s location previously available only to the world’s militaries is spreading fast through the global maritime industry as governments from Iran to Venezuela — and the rogue shipping companies they depend on to move their petroleum products — look for stealthier ways to circumvent U.S. sanctions.
Calmness through Architecture
In this featured project, I would like to reveal the human relationship with the space of ancient architecture and the tranquility that those structures convey to me brick by brick.
Iran's Water Crisis
Climate change has exposed decades of policy failures, igniting protests
Social identity determines women's status in society. In the context of family, religion, economy, patriarchy, misogyny, gender discrimination, etc., determine Iranian women's status in society. To keep the concept of a woman's identity alive, a change in Iranian society is required.
Praise for the Pomegranate
The ancient fruit with modern influence
AN EXCLUSIVE INTERVIEW WITH AHMAD KHATIRI
The Passion Of Trees
The snow no longer cloaks our mountains in white.
Everyday Life ...
IRAN: WHERE EVERYTHING IS POSSIBLE, But Not So Easy
Do you fancy a beer? No problem, we’ll call our smuggler.Do you want to go on Facebook? No problem, just download a VPN app.Do you want to exchange currency? No problem, but don’t use an ATM, you will get a much better rate on the black market….