Oil Sanctions Explore New Shorter Corridor: International North-South Transportation Corridor (INSTC)

In the Socratic dialogue ‘Republic’, Plato famously wrote: “Our need will be the real creator” which over the ages has developed into a well-known English proverb; ‘Necessity is the mother of invention’ meaning that the primary driving force for most new inventions is a Need. Global oil politics have been relatively unstable ever since the end of World War II. This is because control over the oil market is crucial in positioning the world powers on the stage of the international political Economy. In simple words “He who owns the Oil, owns All”. At present, in terms of crude oil output, the current top…