Kremlin spokesman Dmitry Peskov said on Saturday (14 March) that many countries are interested in purchasing Russian oil after the United States temporarily eased sanctions on certain exports.
The Strait of Hormuz has become a focal point of global concern as tensions rise following the conflict involving Iran, the United States and Israel. Tehran has threatened to block the strategic waterway, raising fears of disruption to global oil shipments and energy markets.
Iran is signalling to the United States that it retains the capacity to destabilise key regional and global interests, particularly energy markets, according to political analyst Chingiz Mammadov, Research Alumni at the National Endowment for Democracy.
Global energy markets are bracing for a sharp supply squeeze after a combination of geopolitical conflict and extreme weather disrupted one of Central Asia’s most important oil export routes.
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