External Affairs Minister S. Jaishankar expressed his firm opposition to the interruptions in global oil supplies caused by sanctions and chokepoints, asserting that intentional assaults on energy trade and infrastructure represent a strategic manoeuvre to manipulate prices.

During his address at the G20 Foreign Ministers’ Meeting in Atlanta on Friday (October 30, 2026), Mr Jaishankar spoke against the backdrop of U.S. sanctions on Iranian oil sales, disruptions in energy supplies from West Asia, and the recent decision to ease sanctions on Russian diesel. 

The minister emphasised that the globe is facing an energy crisis characterised not by a lack of production but by volatility, interruptions, exorbitant costs, and accessibility issues.

External Affairs Minister S. Jaishankar expressed his strong condemnation of the disturbances in global oil supplies caused by sanctions and chokepoints, asserting that intentional assaults on energy trade and infrastructure are a strategic ploy to manipulate prices.

During the G20 Foreign Ministers’ Meeting in Atlanta on Friday (October 30, 2026), Mr Jaishankar addressed the pressing issues surrounding American sanctions on Iranian oil sales, the turmoil in energy supplies from West Asia, and the recent easing of sanctions on Russian diesel.

He articulated that the world is confronted with an energy crisis characterised not by a lack of production but by erratic fluctuations, disruptions, soaring costs, and significant accessibility challenges.

In a post on X, Mr Jaishankar underscored that targeted assaults on energy trade and infrastructure represent a strategic manoeuvre designed to manipulate energy prices.

“The G20 needs to show both insight and decisive action to ensure energy markets remain accessible and stable,” he remarked during the gathering led by U.S. Secretary of State Marco Rubio.

The Minister pointed out that ongoing disruptions in energy markets due to barriers, sanctions, and bottlenecks are occurring with increasing regularity, complexity, and far-reaching consequences.

Mr Jaishankar highlighted that there seems to be a lack of consideration for the challenges faced by low-income nations.

He noted that arbitrary distinctions are being made between oil and gas. “The implications of selective exemptions are clear,” he stated.

Mr Jaishankar emphasised that the ripple effects and interdependence in a globalised economy should not be overlooked.

He stressed the importance of dependable and consistent LPG supplies for India’s clean cooking requirements.

Mr Jaishankar emphasised that India’s National Mission on critical minerals encompasses everything from exploration to recycling. He also mentioned India’s initiative for a G20 Critical Minerals Circularity Initiative.

The minister urged the G20 to enhance financial access and promote advancements in storage, small modular reactors, green hydrogen, and biofuels.

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