(Video) Rajya Sabha TV (RSTV) In Depth: West Asia Crisis

(Video) Rajya Sabha TV (RSTV) In Depth: West Asia Crisis

Topic: West Asia Crisis

Topic Description:

West Asia is once again gripped by tensions between the two big powers of the region- Iran and Saudi Arabia

On Saturday, drone strikes targeted Saudi Arabia's facilities that reduced its oil production by 5.7 million barrels a day.

While this has raised fears of an escalation in armed conflict in the region, the situation has created huge challenges for not only India but other big oil importers like Korea, Japan and China.

Crude oil has not only become expensive but supplies for Indian refineries have also become uncertain.

Even as production in Saudi Arabia is expected to take several weeks to return to normal, India has stepped up diplomatic efforts to limit the damage. The Government has spoken to several supplier countries to ensure additional supplies

As the third-largest consumer of oil in the world. India stands to lose from the tensions between Saudi Arabia and Iran.

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Courtesy: RSTV