 "India is totally reliant on Qatar and the UAE for over half of its LNG supplies unlike China")
One would expect India’s policymakers and refiners to rest easy after Washington hemmed, in a patchwork fashion, a ceasefire between Israel and Iran on Monday night, which may prove too delicate to offer a lasting solution to peace in West Asia.
Two-and-a-half hours into the ceasefire, Israel accused Iran of raining missiles and prepared to strike back. It’s a fragile cease fire. “But looking beyond the ceasefire, the deeper challenge remains — a lasting peace would require rapprochement between Israel and Iran,’’ said Vandana Hari, a Singapore-based energy expert.
For now, a sense of calm has prevailed over markets. With
