Russia: World Can't Be Stable Without Our Oil Amid US Waiver

• Russia stated the global energy market "cannot remain stable" without its oil, reacting to soaring prices.
• The US issued a temporary waiver for Russian crude sales already in transit due to rising energy prices and escalating Middle East conflict.
• Russian economic envoy Kirill Dmitriev said the US decision effectively acknowledges the importance of Russian oil supplies.
• Brent crude crossed $100 a barrel for the first time since August 2022; West Texas Intermediate also climbed significantly.
• The Iran-US-Israel conflict has disrupted trade through the Strait of Hormuz, a key route for global oil shipments.