"While the US would like to sustain the war in Ukraine, because none of its objectives have been met, Washington can see the Ukraine conflict is unwinnable and Russia has the upper hand strategically," Chenoy told Sputnik.
This is a "creeping escalation of a regional war," which Chenoy stressed no one doesn’t want to see because "it can really damage the global economy" and negatively impact oil and other commodities.
"So the Global South does now want to see any conflagration in the Middle East, because if oil prices go up, they are the first to be impacted negatively. They would express neutrality in such a conflict and call for immediate peace. They also appeal to the Houthis, to not endanger commercial shipping, keep sea lanes safe and secure and negotiate a resolution of the Palestine issue," Chenoy concluded.