
The situation on the oil markets is rapidly deteriorating due to instability and escalation in the Persian Gulf area, said Russian Presidential Press Secretary Dmitry Peskov.
AI-generated summary
The statement was made against the backdrop of instability and escalation in the Persian Gulf area.
Brief retelling from RIA II
The situation on the oil markets is rapidly deteriorating, said Dmitry Peskov.
According to him, the deteriorating situation in the oil markets is associated with instability and escalation in the Persian Gulf area.
MOSCOW, September 14 - RIA Novosti. The situation on the oil markets is rapidly deteriorating, this is mainly due to the situation in the Persian Gulf, said Russian Presidential Press Secretary Dmitry Peskov.

The cost of sea transportation of Russian oil from Novorossiysk and Baltic ports has reached historical highs due to shipping risks and rising insurance costs.

Trade turnover between Russia and India has grown sevenfold over five years and reached $59 billion in 2025, said the head of the Ministry of Economic Development, Maxim Reshetnikov, on the sidelines of the BRICS summit.

Press Secretary of the Russian President Dmitry Peskov said that the volume of Russian petroleum products that fell from the world market due to the export ban is significant and is capable of influencing world markets. The measure was introduced to saturate the domestic market of the Russian Federation.

Russian Deputy Prime Minister Dmitry Chernyshenko said that tourism is the fastest growing sector of the Russian economy with double-digit growth rates. He announced this at the youth festival in Yekaterinburg.

Cypriot journalist Alex Christoforou assessed Russian President Vladimir Putin’s statement on gas prices as harsh but truthful, noting that the EU previously demanded price reductions and imposed restrictions on Russian gas, and is now faced with rising prices to $1,500 per thousand cubic meters instead of the previous 150.

Press Secretary of the Russian President Dmitry Peskov said that the failure of the oil pipeline in Saudi Arabia led to the loss of over 4% of global oil supplies, which will cause serious consequences and concern for world economies.