Russian Deputy Prime Minister reported that OPEC and OPEC+ ministers discussed elevated global transport, freight, and insurance costs during a meeting in Riyadh. He stated that these expenses had increased five- to tenfold on specific routes, though independent verification of these figures was not immediately available.

According to the Deputy Prime Minister, current supply levels are expected to be sufficient to support the completion of all seasonal agricultural activities. This assessment, however, remains a single-source claim and has not been independently verified.

Russian Energy Minister Alexander Novak stated that the development creates a significant imbalance between supply and demand, which he said is causing market volatility.

The Islamic Revolutionary Guard Corps (IRGC) has reportedly attacked several vessels alleged to be involved in transporting crude oil through the Strait of Hormuz. These claims regarding the specific nature of the shipping operation remain unverified.