Russia's Role in Oil Market Stability Amid Crisis

Russia remains committed to stabilizing the oil market during the ongoing crisis caused by the Iran conflict. Dmitry Peskov, the Kremlin spokesman, stated that Russia is maintaining its oil supplies to help mitigate the crisis's impact.

Despite its efforts to keep the market steady, Moscow has no new proposals to offer within the OPEC+ framework, Peskov added, emphasizing their current role in ensuring adequate supply.

Peskov further highlighted the rising global demand for oil, which contrasts with a decrease in the supply available to the market, suggesting a challenging landscape for future energy strategies.

(With inputs from agencies.)