The Kremlin said on Wednesday it was difficult to overestimate Russia’s coordination with Saudi Arabia and other partners on global oil markets amid the escalating conflict between Israel and Hamas.

Kremlin spokesman Dmitry Peskov also told reporters on a conference call that the visit of Saudi Arabia’s energy minister, Prince Abdulaziz bin Salman, to Moscow provided a great opportunity to discuss current affairs, adding that the oil markets were very sensitive to events unfolding in Israel.
Source: Reuters (Reporting by Dmitry Antonov; writing by Vladimir Soldatkin, Editing by Gareth Jones)