Moscow sees significant rise in demand for Russian oil, gas amid Iran war
Al Jazeera
International Energy Agency warns against a politically and economically wrong return to reliance on Russian energy.
The Kremlin has said the United States-Israeli war on Iran had prompted “a significant increase in demand” for Russian energy products, a day after the US Treasury issued a 30-day waiver allowing India to buy Russian oil currently stuck at sea.
The conflict, which entered its seventh day on Friday, has left the Strait of Hormuz, a critical shipping passage, all but shut, with countries around the world scrambling as they are cut off from a fifth of global oil and liquefied natural gas supplies.
Russia, mired in its own war launched in Ukraine more than four years ago, may yet stealthily benefit from this new sprawling war in the Middle East.
Kremlin spokesman Dmitry Peskov told reporters on Friday that Russia has been and remains a reliable supplier of oil and gas, via pipelines and in liquefied form.
“We are seeing a significant increase in demand for Russian energy resources in connection with the war in Iran. Russia has been and remains a reliable supplier of both oil and gas – including pipeline gas and liquefied natural gas,” Peskov told reporters.
