Many nations across the globe, including India, depend on oil and its derivatives to run various aspects of their economies. India depends on a few nations for its oil supply. Some of the nations include- Russia, Saudi Arabia, Venezuela, and the recent nation added to the list of nations we depend on. Now, the dynamics of the oil trade have changed drastically due to changes in the USA's relations with the rest of the world. Relationships with Russia have become a bit sour wi

With the rampant change on the geopolitical front, there is a lot of uncertainty. The war in the Middle East has triggered a global supply shock. Many central bankers worldwide have taken a cautious approach to safeguard their economies against potential threats posed by geopolitical shocks.

Japan has been in the global economic lens for quite some time for a variety of reasons. With the move in the central bank movements, it is unique compared to other central bankers globally. Their decisions seem to be working out for their domestic economy for now, but with changes in global dynamics, it remains to be seen how much of their decision-making will pan out.