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View all search resultsThe US and Israeli attack on Iran triggered the biggest spike in oil prices since the turmoil following Russia's 2022 invasion of Ukraine, as Gulf producers reduce output after the closure of the Strait of Hormuz.
Tehran emerged as one of Russia's closest allies during Moscow's Ukraine offensive and the Kremlin has been calling for restraint amid growing tensions and reports of a possible US intervention in Iran.
The imports, tracked by Kpler and Vortexa, came as the prospect of declining demand from India, one of the main buyers of Russian crude, has depressed prices of the western-sanctioned oil, sales of which are vital in helping fund the war in Ukraine.
Russia's 2022 invasion of Ukraine triggered the biggest confrontation between the West and Moscow since the depths of the Cold War, though US President Donald Trump's envoys are trying to negotiate an end to the war with Russia and Ukraine.
It is the second time that Russia has used the intermediate-range Oreshnik, a missile which President Vladimir Putin has boasted is impossible to intercept because of its reported velocity of more than 10 times the speed of sound.
The warm recent reception given by Indian Prime Minister Narendra Modi to Russian President Vladimir Putin shows the double standards of India, which is trying to build stronger relationships with the West while maintaining its historical ties with Russia.
It was the second time the pair have met this year in Russia, as Putin courts Prabowo, the leader of the world's fourth most populous country, to build stronger ties with the Global South while his economy remains under Western sanctions because of the war in Ukraine.
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