The sector passed through a serious transformation in recent years and accumulated domestic solutions in the sphere of software, equipment and transport, Roman Chekushov said
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BMI, a division of Fitch, stated that regional instability and logistics challenges in the Persian Gulf are encouraging India to diversify its energy supply sources. The agency characterized these factors as reinforcing India's strategic interest in securing alternative energy pathways.
Oil prices have experienced volatility amid reported disruptions to shipping in the Strait of Hormuz linked to the Iran conflict. Additionally, market movements coincide with indications of declining reserve levels.
Middle East oil producers are reportedly increasing output to recapture market share following a recovery in exports through the Strait of Hormuz. However, persisting logistical risks and elevated operational costs have contributed to maintaining high oil prices.
The U.S. President stated that the threat of a nuclear weapon in Iran no longer exists. This assertion has not been independently verified, and international observers continue to monitor Iran's nuclear program.