Moscow experiences increased demand for Russian oil and gas during Iran conflict

The International Energy Agency has cautioned against a return to reliance on Russian energy, deeming it politically and economically misguided. Amid ongoing conflict in the Middle East, Kremlin spokesman Dmitry Peskov reported a rise in demand for Russian oil and gas, while IEA Executive Director Fatih Birol emphasized the risks of depending on a single country for energy. Concurrently, Qatar’s Energy Minister warned of potential export shutdowns amid escalating oil prices, which could reach $150 per barrel if disruptions persist.

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