In this episode of Interpreting India, Srinath Raghavan speaks with Gaddam Dharmendra, Nonresident Senior Fellow, Carnegie India and India’s former Ambassador to Iran about the ongoing U.S.-Israel conflict with Iran and what it means for the region. The conversation looks at Iran’s response to sustained attacks, the wider impact on energy markets and regional stability, and the changing relationships between Iran, the Gulf countries, and global powers. It also reflects on India’s position as it balances its ties across West Asia while navigating strategic and economic pressures, and what lies ahead as the conflict continues to shape the region.
In this episode of Interpreting India, Srinath Raghavan speaks with Gaddam Dharmendra, Nonresident Senior Fellow, Carnegie India and India’s former Ambassador to Iran about the ongoing U.S.-Israel conflict with Iran and what it means for the region. The conversation looks at Iran’s response to sustained attacks, the wider impact on energy markets and regional stability, and the changing relationships between Iran, the Gulf countries, and global powers. It also reflects on India’s position as it balances its ties across West Asia while navigating strategic and economic pressures, and what lies ahead as the conflict continues to shape the region.
How is Iran seeing and handling the current conflict? Why has the Iranian system held together despite sustained attacks? How are regional relationships in West Asia shifting because of this conflict? What does all of this mean for India’s interests and decisions in the region?
The conversation begins with a look at where the conflict stands today and how Iran has managed to absorb significant military pressure while still responding in a measured way. Dharmendra explains how the conflict has expanded beyond immediate borders, affecting energy flows and drawing in multiple countries, while also reinforcing a sense of internal unity despite economic strain.
It then turns to Iran’s internal system, where different power centres, from the political leadership to the security establishment, continue to function together even under pressure. The episode also reflects on the role of nationalism, suggesting that even in a deeply ideological state, a shared national identity plays a strong role in shaping public response during moments of crisis.
In the final part, the focus shifts to India. The discussion looks at how India manages its relationships across the region, from Iran to the Gulf, and the constraints created by sanctions and global politics. It also touches on long-term projects like Chabahar and what their future might look like. The episode closes with a broader reflection on where the region may be headed and what space there is for stability after the conflict.
Carnegie India does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
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