Jaishankar says oil sanctions and chokepoints keep prices hostage
In short
At the G20 foreign ministers' meeting in Atlanta on Friday US time, Jaishankar said the world is facing an energy crisis. He blamed unpredictability, supply disruptions, high costs, and trouble getting access.
He also said oil sanctions and chokepoints are being used to hold prices hostage. The reporting does not say which countries or supply routes he meant, or what action he wants taken.
What the reporting says
At the G20 foreign ministers' meeting in Atlanta on Friday US time, Jaishankar said the world was facing an energy crisis driven by unpredictability, supply disruptions, unaffordable costs and access difficulties. He argued that sanctions and chokepoints are being used to hold prices hostage, according to the summary. What remains unknown is which countries or routes he was referring to and whether any policy response was proposed.
Why it matters
At the G20 foreign ministers' meeting in Atlanta on Friday US time, Jaishankar said the global energy crisis is being driven by unpredictability, supply disruptions, unaffordable costs and access problems. He linked oil sanctions and chokepoints to price pressure, saying they can be used to hold prices hostage. The reporting does not specify the countries, routes or policy measures involved.