Story perspectives

Jaishankar Warns Four-F Crisis Must Not Be Ignored

By Drooid · Sep 22, 2026, 10:08 AM UTC · How we work

Summary

Story summary

External Affairs Minister S. Jaishankar co-chaired the Partners for Multilateralism, International Law, Peace & Prosperity summit in New York on 22 September 2026.
Jaishankar led bilateral meetings with the EU, Ukraine and the Visegrád Group, showcasing India's outreach.
He said the global order is stressed and urged multilateralism with participative deliberations and transparent decision-making.
He warned the four-F crisis of fuel, food, fertilizer and finance cannot be left unattended, urging de-risking and diversification.

History

Historical Context

The 1973 oil embargo, launched by OPEC in October 1973, triggered a worldwide energy shock that reshaped trade and diplomatic priorities. Oil prices surged from roughly $3 to $12 per barrel, prompting the United States, Saudi Arabia, India, and the International Energy Agency to negotiate supply safeguards. Similarly, today S. Jaishankar’s New York summit urges multilateral de-risking of fuel, food, fertilizer and finance, echoing the 1973 drive for coordinated resource management. The precedent shows that collective policy responses can stabilize markets, suggesting that coordinated international frameworks will be crucial for averting future four-F crises.

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Story summary

External Affairs Minister S. Jaishankar co-chaired the Partners for Multilateralism, International Law, Peace & Prosperity summit in New York on 22 September 2026.
Jaishankar led bilateral meetings with the EU, Ukraine and the Visegrád Group, showcasing India's outreach.
He said the global order is stressed and urged multilateralism with participative deliberations and transparent decision-making.
He warned the four-F crisis of fuel, food, fertilizer and finance cannot be left unattended, urging de-risking and diversification.

1 / 2