The bulk of extra supplies that could be put into the market come from two places. One, they come from other Persian Gulf suppliers, of which Saudi Arabia is at the top of the list.

Saudi Arabia supplies much oil to the U.S. And it is the world's largest consumer of American weaponry.

I'm telling you, you can't compare Saudi Arabia to other countries.

But the key thing is that Iraq, while it's got very large oil reserves, has marginalized itself as an oil exporter and these days its exports are only about one tenth that of neighboring Saudi Arabia.

If, God forbid, a war with Iran breaks out, it will be a nightmare. And we will all be in it, including the Persian Gulf countries and Saudi Arabia. No one will remain unscathed.

Saudi Arabia is one of India's most valued strategic partners.