MOSCOW, April 3. /TASS/. The recent oil price hike in the global market is related to the strained situation in the Middle East, Russian Deputy Prime Minister Alexander Novak told reporters.
"The current rise in price we see for the several recent days is related to the market reaction to the situation in the Middle East and so on," Novak said.
Earlier reports said that Brent oil futures climbed at the London-based ICE above $89 a barrel for the first time since October 30, 2023.