Authors: 1. Nandana Gireesh, University of Kerala 2. Devangi Sandhu, Amity University, Noida 3. Kirtika Verma, Amity University, Noida 4. Ishayu Mukherjee, The Heritage School Abstract Strait of Hormuz continues to be one of the key strategic maritime chokepoints worldwide, ensuring the passage of more than 20% of global oil supplies. With China being the largest crude oil importer, stability within the Strait is critical to securing both economic growth and security interests. The period from 2018 to 2025 has seen several developments that exposed vulnerabilities of global energy supply chains, including tanker attacks in the Gulf, US sanctions on Iran, increasing regional tensions, and disruptions of international energy trade due to the coronavirus pandemic. Increasingly complex security landscape in the Gulf illustrates the connection between strategic competition, interdependence, and vulnerability in energy supply. Within the scope of Geopolitical Security Theory and Complex Interdependence Theory, the impact of increased insecurity in the region on China’s growing energy security needs in relation to Gulf countries will be analysed. Despite growing economic partnerships and investment projects in the region, including the Belt and Road Initiative, geopolitical challenges still pose risks to energy supply safety. Consequently, the Strait of Hormuz remains both a critical energy lifeline and a strategic vulnerability within China’s broader energy security framework. Keywords: Energy security, Strait of Hormuz, China–Iran relations, Iran sanctions, Maritime chokepoint, Complex interdependence, Tanker warfare, Gulf geopolitics, Belt and Road Initiative, Post-COVID instability, Renewable energy transition

Author : Laksh Asija Abstract This study conducts a comparative analysis of government-led and market-led FinTech models and their respective impacts on financial inclusion, using India and Kenya as contrasting case studies. India’s government-led model, anchored by the JAM Trinity (Jan Dhan–Aadhaar–Mobile) and the Unified Payments Interface (UPI), is compared against Kenya’s market-led model, exemplified by Safaricom’s M-Pesa mobile money platform. Drawing on secondary data from the World Bank Global Findex Database, the Reserve Bank of India, the Central Bank of Kenya, and existing academic literature, this study employs a qualitative comparative case study methodology to evaluate both models across five analytical dimensions: access, usage, cost, depth, and sustainability. Findings reveal that government-led models demonstrate superior capacity for broad-based, equitable access at zero cost, while market-led models show advantages in product depth and rural usage penetration. The study concludes that hybrid models combining public infrastructure with private competition offer the most promising pathway to comprehensive financial inclusion in developing economies.