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On the 50th anniversary of the first oil shock that led to the price of a barrel of oil quadrupling, the ongoing Israel-Hamas conflict has put the Middle East on the brink just as it did in 1973. Beyond the ever-rising body count, chances of a bigger global economic downturn have gone up. With the region being the world’s largest energy producer, price volatility can have bigger implications on growth and inflation, especially for large energy guzzlers like India. From geopolitics to energy ec...