The volume of oil transportation through the Strait of Hormuz dropped to 7.2 million barrels per day, amounting to 51% of the pre-war level, Izbastia writes, citing data from the Euler company. The drop in supplies is due to increased attacks on tankers in the area. Against the background of the escalation of the conflict, the price of Brent oil at the auction on October 22 exceeded $113 per barrel for the first time since May. According to experts, a reduction in exports from the Middle East and an increase in prices in the world could lead to a decrease in the discount on Russian raw materials and an increase in the revenues of the Russian budget.

The volume of oil transportation through the Strait of Hormuz dropped to 7.2 million barrels per day, amounting to 51% of the pre-war level, Izbastia writes, citing data from the Euler company. The drop in supplies is due to increased attacks on tankers in the area. Against the background of the escalation of the conflict, the price of Brent oil at the auction on October 22 exceeded $113 per barrel for the first time since May. According to experts, a reduction in exports from the Middle East and an increase in prices in the world could lead to a decrease in the discount on Russian raw materials and an increase in the revenues of the Russian budget.