Russian President Putin says oil and gas prices are rising, including due to the Middle East crisis
- "Maybe it makes sense for us to leave the European market now, to reliable partners."
- It's not a decision yet, we'll discuss it.
- Attack on Russian LNG tanker is a 'terrorist attack'.
- Russian special services have information about preparations for sabotaging the "Blue Stream" and "Turkish Stream" pipelines.
Context
Putin's comments indicate rising tensions around energy supplies, with potential ramifications for European markets if Russia shifts its focus away. His mention of terrorist threats against key pipelines adds urgency to the situation, suggesting that disruptions in energy flows could elevate commodity prices further, impacting inflation and economic stability globally. This underscores the geopolitical risks tied to energy dependence and may drive investors toward safe havens like gold or oil-related assets.
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