New Delhi, May 30 -- India's decision to secure discounted Russian crude and build a USD 36 billion domestic fertilizer shield is "the right track" as the West Asia conflict threatens to disrupt Hormuz trade and push the US toward an oil crisis, says Geopolitical Risk Advisor Col. Douglas Macgregor (Retd.).

In an interview with ANI, Col. Macgregor warned that the Strategic Petroleum Reserve could be exhausted in 3-8 weeks and urged all countries to focus on resource sovereignty as Gulf energy risks escalate.

Macgregor said the current Indian government is "on the right track" by buying discounted Russian crude "to combat the Hormuz" disruption risk and by building a $36 billion fertilizer shield through coal gasification and biomass. "I...