I dont know why India is chasing Iran. Something is fishy here and it is not oil. Saudis were offering better deal but India opted for Iran instead. Something is happening behind closed doors I can smell it hmmmm
I hope you've covered economics in your education. So assuming that, lets see; KSA recently has been catering too a whole array of countries including China and others who toed in line with US sanctions AT THEIR WILL. Which means when there is a higher demand than supply, there is always a rise in prices in short to near term. What KSA might be offering now may not hold true for say coming 3-5 years as more and more Europeans start depending on KSA's oil.
Iran OTOH has been freed from the importing from EU and US (again at their own personal will) which leaves markets for both us and Chinese as well as other Asian countries, wide open. So? What would you choose? Think from a buyer-storekeeper's POV.
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Now you're saying other than Oil. Yes. You're aware of our surroundings namely our problems with Pakistan. Due to a devastating blunder done by our so-called first PM, we've ended up with some severe limitations up north. Which means, Iran offers us a massive alternate into Central Asia.
Apart from that, Iran is our commercial partner in the alternate transit corridor program along with Russia and CARs, which would offer alternative to Suez Canal for transportation, earning a sizable revenue for participating countries.
Our ties with Iran are commercially linked apart from some element of strategy.
Our ties with each country is on a bi-lateral basis.
In military: Israel and India (regionally)
In Commerce: Iran and India (regionally).
Simple.
---------- Post added at 11:24 PM ---------- Previous post was at 11:22 PM ----------
I really don't care about US, but certainly, India should keep in mind Israel while dealing with Iran. Israeli support to India has been unconditional on all issues. I really don't care about Iran.
None of our deals are harming Israel in any fashion.
- We don't trade dual use technology with Iran
- We don't export any weapons grade fuel to Iran
- We don't sell critical weapons technology that can pose a threat to Israel from Iran.
So how is Israel getting harmed if we buy oil?
OTOH if we don't buy, tomorrow China will get all the hands and manage to take away an important partner from us strategically.
Israel is our military partner and will continue to be so.
I am sure we know how to keep the secrets of both the countries confidential with ourselves.
Chanakya taught us well.
