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India currently imports 40% of its crude oil from Russia ā around 2 million barrels a day ā and it comes at a discounted price, $2ā$5 cheaper than global rates. But what if that stops? The economic cost alone would be massive. India would end up spending $14 billion more every year ā thatās enough to fund our space program (ISRO) for the next eight years. And this isn't just a government issue ā this directly affects 1.4 billion people. Fuel prices would spike, inflation would rise, and the burden would fall on everyday citizens. Globally, Indiaās continued purchases have helped keep oil prices stable. If we pull out, experts estimate global oil could skyrocket to $200 per barrel. That would send shockwaves through global markets. Russia, on the other hand, would lose a third of its seaborne oil market. While it might redirect supply to China or Turkey, it would likely have to sell at even lower prices, reducing its war funds and weakening its geopolitical leverage.
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š Barrels to Billions: Meet the Giants of Global Oil š¢ļø From the oil fields of Texas to the deserts of the Middle East ā here are the top oil-producing powerhouses in the world! š„š° š Top 3 Producers: šŗšø United States ā 720M tons šøš¦ Saudi Ar
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The recent escalation of hostilities between Israel and Iran, highlighted by Israel's airstrike in Tehran involving 140 aircraft, is creating ripples across international markets. The potential economic implications are noteworthy: 1. Market Instabi
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We fuckedd How This Could Lead to a Global Conflict: 1. U.S.-Iran Tensions Escalate The Houthis, are backed by Iran, which means U.S. military action against them is indirectly a strike against Iranās regional influence. If Iran retaliatesāwhether
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World's Richest Company Saudi Aramco is the richest company on Earth, built on the worldās most valuable resourceāoil. With daily revenues in the hundreds of millions and reserves that can fuel the world for decades, this state-owned oil giant is th
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Why Israel is attacking Iran? Itās not about nukes. Thatās just the excuse. The real reason? Oil and the U.S. dollar. Iran sells oil cheap ā up to 30% below market ā and doesnāt use dollars. This threatens the petrodollar system, where global oil mu
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š®š³ India stands firm on energy security. A strong and clear statement from the Ministry of External Affairs on India being unfairly targeted over oil imports from Russia. In a complex global energy landscape, nations must act in the best interest
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