Canada is stepping up its energy export capacity for India, with new infrastructure underway and LPG shipments scheduled to begin by 2027. The country is also working to expand its LNG exports beyond the US, aiming to diversify sales to India, which can refine heavy crude—turning energy trade into a bigger strategic partnership.
Gulf states are stuck between war and peace as the Strait of Hormuz blockade slashes energy exports and forces costly infrastructure repairs. Stalled US-Iran talks are putting economic recovery and diversification plans at risk, while analysts say the region struggles to shape Washington’s decisions. Reports of unpaid leave and salary cuts add pressure as about half of Gulf countries forecast contraction.
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New European sanctions are restricting fuels refined from Russian crude, even when the processing happens outside Russia. The move targets the core of India’s oil arbitrage and export strategy that has generated billions. With timelines tightening and revenue at stake, traders and policymakers now face the urgent question: what fuel route can replace the blocked play fast enough?
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