Thousands of kilometres from the barren rocks of Galwan Valley where Indian and Chinese troops waged a grim battle are colossal stakes between the two countries. These stakes are the possible disruption of energy trade on the Indian Ocean, home to 13 per cent of world trade.
More than two thirds of the world’s oil and half of global coal trade passes through these waters. Disruptions to any of these is an enticing concept for a nation willing to stamp its authority over the world. Chances are any such disruption will not occur on the major shipping lanes but ...
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