The Kremlin has reported a significant rise in global demand for Russian energy products due to the ongoing war in Iran, according to Al Jazeera. Kremlin spokesperson Dmitry Peskov told reporters that the conflict has increased the need for Russian oil and gas in world markets. He emphasized that Russia remains a reliable supplier of both pipeline and liquefied energy resources.
The war has also disrupted the Strait of Hormuz, one of the world’s most critical energy transport routes, which is now nearly closed. This disruption has placed many countries at risk of losing access to about one-fifth of global oil and liquefied natural gas supplies. A day earlier, the U.S. Treasury granted a 30-day waiver allowing India to purchase Russian oil stranded at sea.
Analysts cited in the report noted that if tensions in the Middle East continue to escalate, Russia’s role in the global energy market could become even more significant.
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