Russia reports higher energy demand amid Iran conflict
The Kremlin reports that the conflict in Iran has increased demand for Russian energy. This follows a US waiver allowing India to purchase Russian oil supplies.
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The Kremlin announced on Friday that the ongoing conflict in Iran has significantly increased global demand for energy exports from Russia. As the war enters its seventh day, the near-total closure of the Strait of Hormuz has disrupted approximately 20% of the world's supply of liquefied natural gas and Brent Crude Oil.
Kremlin spokesman Dmitry Peskov addressed reporters in Moscow, emphasizing that the nation remains a steadfast provider of energy resources despite the regional instability.