Russian President Putin advisor Patrushev says Russia is preparing measures to respond to seizures of its trading vessels, IFX reports
Newsquawk Staff ·
Russian President Putin advisor Patrushev says Russia is preparing measures to respond to seizures of its trading vessels, IFX reports.
What it means
This statement from Putin's advisor suggests a potential escalation in geopolitical tensions surrounding Russia's trading activities. Such rhetoric could lead to increased volatility in energy markets, as well as in safe-haven assets like gold, potentially impacting currencies tied to these commodities. Traders should watch for shifts in market sentiment and positioning related to the USD, EUR, and JPY.
- CRUDE WRAP: WTI (Z6) SETTLES USD 1.86 LOWER AT 99.90/BBL; BRENT (F7) SETTLES USD 1.33 LOWER AT 109.41/BBL
- Iranian President Pezeshkian and Russian President Putin discussed energy cooperation and trade
- Russian refineries’ crude processing up 25% since drone attacks stopped in mid-October, according to reports, citing sources
- Iranian President Pezeshkian, at a meeting with Russian President Putin, says there is no point in hoping for the US to resolve problems in the Middle East
- Russian President Putin says he discussed the situation in the Middle East one-on-one with Iranian President Pezeshkian and it is a reason for concern, according to Russian press
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