Mindmine Summit 2026 spotlights energy independence, clean power and crisis resilience

At Mindmine Summit 2026, former India G20 Sherpa Amitabh Kant said a war in West Asia that shuts the Strait of Hormuz would push crude prices from about $60 a barrel to about $110 a barrel. He said such a shock would pose serious risks to India’s macroeconomic stability. Kant added that higher oil prices could weaken the currency and damage long-term growth prospects, underscoring the need for energy independence. The conference focused on energy independence and the clean transition, with geopolitics framed as an immediate threat to oil supply chains.