The Kremlin: It is difficult to underestimate the importance of oil coordination with Saudi Arabia at this time

The Kremlin said on Wednesday that it is difficult to underestimate the importance of coordination between Russia, Saudi Arabia and other partners on global oil markets amid the escalation of the conflict between Israel and the Palestinian Islamic Resistance Movement (Hamas).

Kremlin spokesman Dmitry Peskov added to reporters in a conference call that the visit of Saudi Energy Minister Prince Abdulaziz bin Salman to Moscow provided a great opportunity to discuss current events, noting that oil markets are highly affected by events in Israel.