ANI
04 Apr 2026, 14:29 GMT+10
New Delhi [India], April 4 (ANI): Foreign affairs expert Robinder Sachdev said the mid-voyage rerouting of an Iranian crude shipment, which was supposedly destined for India, reflects evolving market dynamics rather than any unusual development, describing it as a case of the 'free market playing out.'
In an interview with ANI on Friday, Sachdev said, 'I don't see it as anything surprising; it's probably right now free market playing out.' He explained that multiple factors could be influencing such decisions, including competitive pricing and logistical requirements.
'There are many buyers as well as sellers; sellers want to sell quickly. Iran knows it has a 30-day window to sell its oil at sea, Russia knows it has a 30-day waiver,' he said, adding that rerouting could also stem from better offers or documentation requirements by Indian importers like Nayara Energy.
On Iran's warning to the United Nations Security Council, Sachdev expressed scepticism about the global body's effectiveness. 'Fundamentally, there is nothing that the United Nations can do; it does not have the structural elements,' he said, pointing to divisions among permanent members. 'Everything goes up to the UN Security Council, you have Russia and China, America and others, any proposal will not be able to bridge the gap,' he added, calling the UN 'at an impasse' and stating it 'cannot deliver anything other than statements and expressions of concern.'
Highlighting India's concerns over the Strait of Hormuz, Sachdev said the situation remains critical for global energy security and maritime safety. 'The Strait of Hormuz is a matter of huge concern for everyone. We have been impacted not only economically but in terms of the lives of our mariners,' he said, noting that diplomatic efforts remain the only viable path forward. 'Military force is ruled out; what remains is dialogue and diplomacy, which India has always been promoting.'
On rising tensions between the United States and Iran, Sachdev warned of further escalation. 'It will invite a tit-for-tat response,' he said, referring to reported strikes on infrastructure. 'What the United States is doing now is systematically attacking and damaging physical infrastructure, which is a war crime by the way, so that when they decide to stop, at the end of it Iran is hugely weakened,' he said, adding that such actions could provoke retaliation targeting power grids and desalination plants across Gulf countries. He also pointed to competing narratives around recent incidents, saying, 'Lots of dirty games are also going on.' (ANI)
Get a daily dose of Chile Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Chile Sun.
More InformationAs a human rights activist, Angélica Macario was used to the hubbub and noise of protests and to seeing her people take their clamor...
MADRID, Spain: A tunnel in the North African exclave of Ceuta, ​complete with a rail system and underground cranes used to smuggle...
(Photo credit: Troy Wayrynen-Imagn Images) A pair of teams dealing with a similar plight will try to reverse their early-season misfortunes...
Moscow would irreparably damage its reputation if it behaved like the US in Venezuela and Iran, Valentina Matviyenko said Russia...
(Photo credit: Jayne Kamin-Oncea-Imagn Images) ATP No. 83 Thiago Agustin Tirante of Argentina rallied from a first-set disappointment...
SAO PAULO, April 3 (Xinhua) -- The death toll from a small aircraft crash in the seaside city of Capao da Canoa, Brazil's southern...
BOLOGNA, Italy: The Iran war is rippling through the global beauty industry, pushing up costs for everything from packaging materials...
New Delhi [India], April 4 (ANI): Iran's Ambassador to India, Mohammad Fathali, has cited reports of unnamed global think tanks to...
Idukki (Keralam) [India], April 4 (ANI): Highlighting the 'fearless and courageous' spirit of women in Keralam, Leader of Opposition...
An F-15E fighter and an A-10 attack plane were downed in two separate incidents on Friday, media reports say Two US military aircraft...
Tehran [Iran], April 4 (ANI): A projectile struck near the perimeter of the Bushehr Nuclear Power Plant on the morning of Saturday,...
Mahmora (Assam) [India], April 4 (ANI): Assam Chief Minister Himanta Biswa Sarma on Saturday described those who believe in Congress...
