The looming shock stems from the bloc’s “stubborn stupidity” by rejecting Russian energy, Kirill Dmitriev has said
An oil and gas price surge is about to hit Europe, Kremlin envoy Kirill Dmitriev has warned, calling the EU’s rejection of Russian energy, “stubborn stupidity.”
The escalating conflict in the Middle East, triggered by the US-Israeli attack on Iran, has driven extreme volatility in global energy markets. Gas prices have spiked by roughly 70% since March 1, amid strikes on energy infrastructure in the Gulf. Oil prices have climbed above $110 per barrel due to disruptions to maritime traffic through the Strait of Hormuz, the conduit…
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