Russian presidential press secretary Peskov said on the 14th that the world oil market situation is rapidly deteriorating, causing widespread concern. Peskov said at a press conference on the same day that the escalation of tension in the Gulf region is the main reason for the worsening situation in the world oil market. Global oil supply has been drastically reduced, and the shutdown of the Saudi Arabian pipeline alone has reduced global oil supply by more than 4%. Peskov also said that in order to protect the domestic market, Russia has banned it

Russian presidential press secretary Peskov said on the 14th that the world oil market situation is rapidly deteriorating, causing widespread concern. Peskov said at a press conference on the same day that the escalation of tension in the Gulf region is the main reason for the worsening situation in the world oil market. Global oil supply has been drastically reduced, and the shutdown of the Saudi Arabian pipeline alone has reduced global oil supply by more than 4%. Peskov also said that in order to protect the domestic market, Russia has banned it