Middle Eastern Conflict May Impact Oil Supply, Says Russian Deputy PM

Russian Deputy Prime Minister Alexander Novak indicated that the ongoing conflict in the Middle East could lead to a decline in oil supply. He also mentioned that oil prices have already begun reflecting the geopolitical tensions.

Russian Deputy Prime Minister Alexander Novak announced on Wednesday that the ongoing conflict in the Middle East could result in a reduction of oil supply.

Novak emphasized that the current geopolitical tensions are already being considered in the pricing of oil.