“The economies of the Gulf states depend not only on oil and gas but also on their role as hubs for global investment and tourism.”
Browsing: Diversification
Trump’s energy dominance policy has boosted U.S. production, but global markets may not comply; allies are diversifying, and renewables grow.
Turkey’s energy demand risks deepening dependence on Russia; diversification into renewables, LNG, and new nuclear partners is essential.
The agreement reflects a strategic pivot: Europe seeks growth and diversification, while India gains leverage against US tariffs and reinforces its non-aligned economic diplomacy. It signals a shift toward middle-power alliances reducing reliance on traditional superpowers.