U.S. and global oil and gas prices surged higher Monday as concerns grew that attacks by Israel and the U.S. on Iran could spiral into a broader war and disrupt global energy supplies. The U.S. and Israel launched strikes on Iran on Saturday that killed Supreme Leader Ayatollah Ali Khamenei and dozens of other senior government officials while talks between Washington and Tehran over the Islamic Republic’s nuclear program were reported to be ongoing. European benchmark Brent crude oil surged by as much as 13% in early trade on Monday,…
Posts published in “New Delhi”
US-India trade negotiations have shown how domestic tariff policy has become inseparable from foreign policy. India must recalibrate its tariff framework from a protectionist, reactive shield, to a strategic tool. The White House’s latest announcement on finalising the Indo-US deal, and lowering of tariffs from 25 to 18 percent for India has once again brought to the fore the complex geopolitics of trade negotiations. The exchange between the US and India over the past year proves that modern trade negotiations extend beyond tariff schedules. Sanction regimes and geopolitical alignment have…