India recently revealed how it may have saved the world from a massive oil crisis. During an energy conference in Abu Dhabi, India’s Minister of Petroleum and Natural Gas, Hardeep Singh Puri, shared a bold statement: if India had stopped buying oil from Russia, global oil prices could have shot up to a shocking $200 per barrel.

Puri explained that India’s decision to continue buying Russian oil wasn’t just about local interests—it helped keep oil prices from spiraling out of control glob...