A Russian economic official has announced that the unprecedented increase in oil prices is pushing the world towards the biggest energy crisis in history.
Publish dateSunday 3 May 2026 - 15:06
Story Code : 353390
Afghan Voice Agency (AVA): According to Russia Today, Kirill Dmitriev, head of the Russian Direct Investment Fund, emphasized that the world is heading towards the biggest energy crisis in history due to unprecedented oil prices.
Dmitriev wrote on Platform X: The world is unknowingly heading towards the biggest energy crisis in history.
The worsening situation in the global energy market is linked to the war in the Middle East, a war that has made it almost impossible to deliver oil produced in the Persian Gulf to customers in countries around the world due to the closure of the Strait of Hormuz after the US and the Zionist regime attacked Iran.
Russia Today added that Iran's closure of the Strait of Hormuz with the start of the current war is the cause of many global economic consequences, as about 20 percent of the world's total oil supply passes through it.
Earlier, Russian Deputy Prime Minister Alexander Novak announced that Russia, as a major oil producer, has no intention of leaving OPEC+.
He added: "We are currently witnessing the deepest crisis in the world's oil industry, and a huge amount of oil is not being supplied to the market."
The US and Zionist aggression against Iran disrupted the passage of ships through the Strait of Hormuz. Disruption of the strategic waterway of the Strait of Hormuz disrupted the supply chain of fuel and energy, and even many other goods, such as petrochemical products and chemical fertilizers, in the world.
Iran has announced that it is ready to ensure the security of shipping in the Strait of Hormuz in the event of a sustainable ceasefire and an end to the war, by observing the required protocols and security considerations.
Oil prices rose sharply in March following the US-Zionist escalation of hostilities against Iran. On April 30, Brent crude prices exceeded $126 per barrel, reaching their highest level since the beginning of the Ukraine conflict in 2022.
Dmitriev wrote on Platform X: The world is unknowingly heading towards the biggest energy crisis in history.
The worsening situation in the global energy market is linked to the war in the Middle East, a war that has made it almost impossible to deliver oil produced in the Persian Gulf to customers in countries around the world due to the closure of the Strait of Hormuz after the US and the Zionist regime attacked Iran.
Russia Today added that Iran's closure of the Strait of Hormuz with the start of the current war is the cause of many global economic consequences, as about 20 percent of the world's total oil supply passes through it.
Earlier, Russian Deputy Prime Minister Alexander Novak announced that Russia, as a major oil producer, has no intention of leaving OPEC+.
He added: "We are currently witnessing the deepest crisis in the world's oil industry, and a huge amount of oil is not being supplied to the market."
The US and Zionist aggression against Iran disrupted the passage of ships through the Strait of Hormuz. Disruption of the strategic waterway of the Strait of Hormuz disrupted the supply chain of fuel and energy, and even many other goods, such as petrochemical products and chemical fertilizers, in the world.
Iran has announced that it is ready to ensure the security of shipping in the Strait of Hormuz in the event of a sustainable ceasefire and an end to the war, by observing the required protocols and security considerations.
Oil prices rose sharply in March following the US-Zionist escalation of hostilities against Iran. On April 30, Brent crude prices exceeded $126 per barrel, reaching their highest level since the beginning of the Ukraine conflict in 2022.
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