New Delhi, April 25 -- Former Chief Justice of India DY Chandrachud on Saturday warned that the world is increasingly being driven by "transactional ethics", where principles are traded for benefits.

Speaking at the 32nd memorial lecture of Lal Bahadur Shastri, he pointed to how global conflicts, from the Gulf region to the Strait of Hormuz, are influencing everything from energy markets to elections, including in the United States.

"War, as recently as in the Gulf, tells us that what happens in the Strait of Hormuz can have a possible impact not only on energy markets in India and Indonesia, but on elections in November in the US. That's the impact of this global interconnection which we all share. It signals a world adjusting its expe...