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Energy Shock Gives Russia Opportunity to Reshape Global Markets, Putin Says
3 Articles
3 Articles
The recent war escalation in the Middle East, marked by the war between the United States, Israel and Iran and the blockade of the Strait of Ormuz, where almost 20% of world oil circulates, is having a direct and rapid effect on international oil prices and, therefore, on the cost of fuels in Spain. Specifically, according to the latest EU Oil Bulletin, the average price of gasoline was set in our country before the start of tensions at around 1…
Putin warns oil flow through Strait of Hormuz could halt within a month as Iran war triggers energy crisis
Amid mounting geopolitical strife, Russian President Vladimir Putin has raised alarms over the US-Israeli discord in Iran fueling an imminent global energy crisis. He pointed out the precarious situation surrounding oil transit through the crucial Strait of Hormuz, hinting at possible disruptions.
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