External Affairs Minister S. Jaishankar strongly disapproved of disruptions in global oil supplies through sanctions and chokepoints, saying deliberate attacks on energy trade and infrastructure were a calculated strategy to hold prices hostage.
Mr. Secretary of State Marco Rubio. The Minister emphasised that continuous distortions of energy markets through obstacles, sanctions and chokepoints were happening with increasing frequency, greater complexity and wider impact. Mr. Jaishankar reiterated that India’s National Mission on critical minerals spans exploration to recycling.
The Minister said that the world was staring at an energy crisis not of production, but of unpredictability and disruption, unaffordable costs, and challenges of access. Jaishankar, in a post on X, said he highlighted that deliberate attacks on energy trade and infrastructure were a calculated strategy to hold energy prices hostage. “The G20 must display both understanding and leadership to keep energy markets open and predictable,” he said at the meeting convened by U.S. The Minister said that convenient distinctions are being drawn between oil and gas. “Selective carve-outs speak for themselves,” he said. He also said India has proposed a G20 Critical Minerals Circularity Initiative. The Minister said the G20 must widen access to finance and advance storage, small modular reactors, green hydrogen and biofuels.
