Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed Al Nahyan’s just-concluded trip to India has served as a reminder of two facts. The first is the criticality of the Arab states to Indian interests. The second is the oddity of New Delhi nevertheless lacking a coherent policy towards West Asia—something it has begun to rectify of late, albeit in patchwork fashion—similar to its Look East policy. Energy security, of course, is a key ingredient of India’s interest in West Asia. It is dependent on imports for 80% of its oil needs, of which roughly 55% is sourced from the Persian Gulf region. The ratio could decline slowly as New Delhi diversifies with an increased focus on African producers. But the rate at which India’s energy demand is growing—it is currently the world’s fourth biggest oil consumer with import dependence projected to increase to 90% by 2031—offsets this in absolute terms. The current glut in the oil market and plunge in prices means it is, for the time being, a buy...
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