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... now go to China, where the country's key buyers of Iranian oil are refineries that will bear the brunt of the current crisis, Tereshkin explains. India, Japan, and EU countries halted purchases of Iranian oil after 2019, when the U.S. embargo on its import came into effect, he reminds. "The impact of the conflict on prices is likely to be short-term," concludes Tereshkin. Will Iran Block the Strait of Hormuz? In light of the Israeli-Iranian skirmishes, statements have emerged suggesting ...

... transactions with a number of Russian banks, including Sberbank, VTB and Rosbank. The decision, which is in effect until April 30, is intended to maintain the stability of international energy supplies. The founder of Open Oil Market sees this move as an important temporary tool for strengthening market confidence and maintaining stability, which is especially important for commodity market participants and traders amid global uncertainty. The U.S. Temporarily Permits Energy Transactions with Russian ...

... Contributing to PPI Growth Raw Material Costs: Rising prices of industrial metals, chemicals, and energy resources. Labor Cost Increases: Rising wages in industrial sectors. Transportation and Logistics: Higher freight rates and transportation costs. Imported Components: The impact of a weakening dollar and rising costs of imported raw materials. Implications for Fed's Monetary Policy The sharp increase in PPI heightens concerns regarding sustained inflationary pressure throughout the supply chain,...

... rubles. In a more negative scenario, with falling oil prices and increasing sanctions pressure, the rate may come closer to 100 rubles per dollar. Comment by Sergey Tereshkin, CEO of Open Oil Market: In such an uncertain economic environment, it is important to consider both scenarios - both strengthening and weakening of the ruble. The risks of exchange rate fluctuations remain high, so it is important for businesses and investors to plan their strategies based on possible changes in the rate.