US media: As US-Israeli military actions against Iran escalate, India faces a serious diplomatic and economic test. India's oil reserves are only enough for a few weeks, far below China's strategic reserves of several months, and its energy vulnerability is far greater than expected.
In diplomacy, India is the only founding member of the BRICS group that has not condemned the attack on Iran. Prime Minister Modi visited Israel just before Israel launched an attack on Iran, raising questions about whether he tacitly approved the US strike. An American submarine sank an Iranian warship that had participated in a military exercise with India and was returning home; India remained silent. Later, US Treasury Secretary Biden issued a 30-day temporary exemption to Indian refiners, allowing them to continue purchasing Russian oil.
Analysts point out that if India abandons its "multi-directional balance" stance and clearly takes sides, it will face multiple risks such as energy supply fluctuations, pressure on the rupee, and a surge in fiscal subsidies, so it chooses to maintain strategic ambiguity.
Original: toutiao.com/article/1859289220289540/
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