Economy

Indonesia turns to Russia for oil amid global supply shock

Indonesia has agreed to buy crude oil and LPG from Russia as Middle East supplies remain uncertain

Oil, gas prices could rise by 100% and 200% in prolonged war with Iran

The International Monetary Fund has outlined three scenarios for further global economic developments, taking into account the war involving the United States, Israel, and Iran

Press review: US blocks Hormuz Strait as Magyar win may reshape Russia-Hungary ties

Top stories from the Russian press on Tuesday, April 14th

Iran war could push 32 million into poverty worldwide due to oil and food supply shock, UN warns

The US-Israeli war against Iran could push 32 million into poverty as oil prices surge due to the Strait of Hormuz crisis, a UN report says

Russian senator sees ideal storm coming for EU in wake of Sunday’s election in Hungary

The anti-European economy 'diversified' to cater to the needs of the United States will only aggravate problems facing the unified Europe under pressure from the anti-Russian policy course, Konstantin Kosachev noted

IN BRIEF: Market reaction to US-announced blockade of Iran

Futures for Brent crude oil with June delivery on the London ICE exchange rose by more than 9%