In his Telegram channel, Dmitriev noted that in the context of high oil prices, "Russia's voice in the global economy and geopolitics is becoming even more noticeable." He also emphasized that the current crisis confirms Russia's role as a key supplier, without which it is impossible to ensure economic stability.
The sharp price surge, which reached 20% per day in early March, is linked to the escalation of the situation in the Middle East. The main reason for the market disruption was the effective cessation of shipping through the Strait of Hormuz, which is a critically important route for transporting nearly 20% of global oil supplies. Traders are factoring in the risks arising from attacks on the region's energy infrastructure and the dangers of prolonged fuel shortages.
Against the backdrop of military actions and mutual threats between Iran, Israel, and the USA, the price of Brent crude has already exceeded $111 per barrel. Experts warn that if the conflict continues and affects production in neighboring countries such as Kuwait, the UAE, or Saudi Arabia, it could lead to further price increases and create conditions for a global energy crisis, as indicated by international analysts.
