The ongoing US–Iran conflict has striking parallels with the 1956 Suez Crisis — a moment when global power dynamics shifted and multilateral institutions played a decisive role. In his article published in Financial Express (India), our Director – Public Policy Arjun Goswami highlights how India can draw on those lessons to navigate today’s turbulence. He points out that India’s unique relationships across West Asia give it the credibility to act as a mediator and strengthen multilateral institutions.