I’m waiting for the thank you: Jaishankar on India softening oil markets amid Russia-Ukraine war

The minister explained that India’s approach to oil purchases prevented a surge in global oil prices, preventing potential competition with Europe in the market. He elaborated, “When it comes to the purchase…I think the global oil prices would have gone higher because we would have gone into the same market to the same suppliers that Europe would have done and as we discovered Europe would have outpriced us.”