Emmanuel Macron and Keir Starmer lead talks in Paris with dozens of nations to reopen the Strait of Hormuz after Iran blockade, aiming to secure global oil trade without involvement of United States
US action reflects a revived Monroe Doctrine, driven by geopolitics, energy security, and regional power competition — not oil alone, but oil first among equals
US sanctions on Russia's Rosneft and Lukoil may impact Reliance Industries’ direct oil imports. State-owned refiners are likely to continue buying through intermediary traders. EU restrictions on fuel exports will further affect Indian firms, prompting recalibration from January 2026
