Mainstream WeeklyAbstract: Cross-country conflicts over resource management, political domination may not only change the socio-economic order in the countries engaged in the conflict, but also has consequences on the trade, resource mobility and overall economic condition of other countries across the continents. Recent conflict in West Asia has also brought about potential threat to cross-country trade, energy security, market stability, changing currency value etc in several other countries, including India. An amicable solution through useful negotiations can stabilize the situation in the short run; but the long run energy security lies in the implementation of relevant programmes undertaken by the government of India towards green transition and availing alternative sustainable energy sources.
Keywords: Political Conflict in West Asia, Impacts on Trade across Countries, Energy Insecurity, Green Transition, India
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Introduction: Ongoing Energy Crisis
Whatever be the genesis of any conflict, it ultimately culminates in a disastrous outcome unless an amicable solution is arrived at through useful negotiations. Sometimes a solution is arrived at the cost of the weaker section on the conditions imposed by the stronger opponent. This phenomenon is common even in the so-called modern democratic order of the global society, whether in the socio-political arena or in trade negotiations, and there is a close interlinkage between them. That is why sometimes there arises aggression for the control over some strategic resources and also to secure long-term personal benefit by keeping the logical order at bay. At the micro level market sharing, also Stackelberg