The recent slowdown in foreign direct investment in India is “not a major source of alarm” as global capital is increasingly being drawn toward the electronics and artificial intelligence investment cycle across Asia, said Taimur Baig, managing director and chief economist at DBS Bank. Edited excerpts from an interview with ET's Deepshikha Sikarwar. How do you see the latest developments around the US rejecting Iran’s offer Despite all the logistical concerns around the Strait of Hormuz, 12-month crude oil futures are still trading at around $100 or below. There is a palpable lack of panic in the markets. So, there is a disconnect between the broader narrative, that we are on the verge of severe shortages in fuel, fertilizers, and petrochemicals, and what markets are actually pricing in.