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Opinion News

The Economic Times

Opinion / The Economic Times

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BRICS+ and the fallout from Trump's energy shocks

Global oil markets face instability from ongoing conflicts and disrupted supply routes. Strategic petroleum reserves and reduced Chinese imports initially cushioned the deficit. However, manipulated price indicators and market interventions are now proving unsustainable. This situation threatens to trigger a global recession, impacting India's energy security. India must prioritize long-term energy stability over short-term trade gains.

21 Sep 2026 10:51 pm