Commentary: For India and Pakistan, peace may come in a pipeline (Bloomberg News via IHT)

Even by arming themselves to the teeth, India and Pakistan have not been able to keep peace. It's time they tried to build economic stakes in each other as a way to prevent a fourth war.

The Iran-India gas pipeline may be the best way for peace between India and Pakistan. The pipeline will be a win-win for both countries and it will be in both their interests to make sure that it is not damaged.

According to the director-general of the Energy and Resources Institute in New Delhi, India stands to save $2 billion a year by importing piped gas, as opposed to buying costlier liquefied gas stored in ocean tankers, and Pakistan, will make $600 million annually by charging India transit fees.