Prices surged, then quickly gave up gains as escalating tensions between Iran and Israel rattled a region responsible for a third of the world’s crude. But behind the short-term volatility lies a deeper shift in the global energy landscape—one that could redefine the future of oil demand.

While Brent and WTI recently notched their strongest weeks of the year earlier this month, some analysts warn that the momentum may be fleeting, with prices potentially dipping into the $40s. At the same time, the global center of energy demand is beginning to tilt—from China to a rapidly rising India.

As the world’s fastest-growing oil and gas market steps into the spotlight, key questions emerge: Can India sustain this growth? What does this mean for global supply, prices, and geopolitics? And how will the evolving role of natural gas fit into this new equation?

On Wealth Tracker, Hongbin Jeong speaks to Lin Ye, Vice President, Commodities Markets – Oil at Rystad Energy, to find out more.