The Kremlin said on Friday that the ongoing war in Iran has significantly increased global demand for Russian energy products. Speaking to reporters, Kremlin spokesman Dmitry Peskov emphasized that Russia continues to be a reliable supplier of both oil and gas, including pipeline and liquefied natural gas (LNG).

“The conflict in Iran has led to a notable rise in interest for Russian energy resources,” Peskov said, adding that Russia is capable of ensuring continuity for all contracted deliveries.

U.S. Grants India Temporary Russian Oil Waiver

The announcement comes a day after the U.S. Treasury granted India a 30-day waiver allowing it to buy Russian oil currently stranded at sea. The waiver follows months of U.S. pressure on New Delhi not to purchase Russian crude.

The Iran conflict, now in its seventh day, has left the Strait of Hormuz largely shut, disrupting around a fifth of global oil and LNG supplies. Russia’s energy exports are emerging as a crucial alternative for countries navigating shortages caused by the blockade and regional instability.

Russia Positions as a Reliable Energy Partner

Peskov stressed that Russia remains a dependable partner for energy markets worldwide. “Russia has been and remains a reliable supplier of both oil and gas,” he said, highlighting the country’s ability to meet international contractual obligations despite geopolitical tensions.