India’s Oil Strategy Holds Firm Amid Sanctions Threat, Eyes Brazil for Diversification

India’s Petroleum Minister Hardeep Singh Puri has reaffirmed the country’s confidence in navigating global energy volatility, asserting that oil markets remain well supplied and prices are expected to fall despite mounting geopolitical pressure. His remarks come amid threats of secondary sanctions from the United States targeting nations that continue importing Russian oil.

 

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Sources: Firstpost, Financial Express, CNBC TV18, Business Standard, Indian Express.