Kremlin Says Iran War Boosts Demand for Russian Energy Products
The Kremlin announced on Friday that the war in Iran has increased demand for Russian energy supplies, speaking a day after the U.S. Treasury granted India a 30‑day waiver allowing it to purchase Russian oil that had been stranded at sea.
The conflict, now in its seventh day, has effectively closed the Strait of Hormuz, a critical maritime chokepoint that supplies one‑fifth of the world’s oil and liquefied natural gas (LNG).
Kremlin spokesperson Dmitry Peskov told reporters that Russia remains a reliable supplier of oil and gas, both via pipelines and in liquefied form.
“We are seeing a significant rise in demand for Russian energy resources because of the war in Iran,” he said.
“Russia also remains capable of guaranteeing the continuity of all deliveries covered by existing contracts.”
Peskov declined to disclose the potential volumes of Russian oil shipments to India that could result from the U.S. waiver, which came after months of American pressure on New Delhi to refrain from buying Russian crude.
