Russia named winner in oil market conflict as US prepares urgent measures
Vladimir Putin and Russia have been named winners in the oil market conflict with Iran, according to ANI agency. At the same time, India might resume purchases of Russian oil. Ukraine and the European Union are viewed as the losers in this conflict.
In response to the crisis, the US Department of Treasury, led by Janet Yellen, and the Department of Energy, headed by Jennifer Granholm, are preparing a set of urgent measures aimed at lowering oil prices. The International Energy Agency is convening an emergency meeting today to discuss the situation and propose solutions to stabilize the market.
These actions are anticipated to impact the global oil market's balance and potentially mitigate adverse effects on the most vulnerable countries and economies.
