What Would Happen If Gulf Nations Stop Exporting Oil and Natural Gas to India?
Recently, there is a growing hatred for Indians (particularly Hindus) in Middle-East Asia, as many fake social media posts are being circulated to inflame their people and Government to take verbal and physical actions against India (and Indians). One of the most direct way via which Middle East countries can hit India is to cut resources (oil and Natural Gas Supply) to India. This post focuses on the aftermaths if such a scenario takes place. At the present moment India (which imports 84% of its oil from Middle Eastern Countries majorly from Saudi Arabia and Iraq) and China are largest importers of crude oil in the world, hence the largest oil trading partners of Middle Eastern bloc. If the Middle East Countries take such a strong action, then India would have the following choices; India might cancel major trade agreements, RIL Aramco deal and MOU’s. The loss to Saudi will be industrial equivalent to adding insult to injury. Billions of dollars wavering at brink of loss ...