Tag: saudi arabia

India relies heavily on oil from the Middle East. The Israel-Hamas conflict could put that at risk.India’s renewable energy transition has been commendable, but the nation still relies heavily on fossil fuels. It is the world’s third largest oil consumer and imports 85 percent of its oil supply which makes it particularly vulnerable to any market volatility. Around 60 percent of India’s oil comes from the Middle East which means any upheaval in that region is a major cause for concern. The Israel-Hamas war in Gaza is just...