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The Petrodollar Loses Ground in New Delhi

70 0
04.08.2026

The crisis in West Asia forces a major financial shift. Attacks in the Red Sea disrupt global shipping routes. India buys massive amounts of oil from the Gulf to keep its economy running, and buyers rely on the US dollar for these energy trades. Regional instability turns that old habit into a serious risk. Sudden currency changes and geopolitical fights threaten Indian financial security.

India demands a strong defense. The........

© The Times of Israel (Blogs)