The New York Times reports that the West fears a possible rise in oil prices due to the escalating situation in the Black Sea.
More than 3% of the world's oil and oil products, as well as about 20% of Russian exports, pass through the Black Sea.
According to agreements with Saudi Arabia, Russia has now reduced the volume of supplies through the Black Sea by 30-40%.
David Goldwyn, a former State Department official in charge of energy, suggests that oil prices could rise by $10-15 per barrel if Russian exports through the Black Sea are reduced.
The New York Times reports that Mykhailo Podolyak, Advisor to the Head of the President's Office, emphasized: "As long as Russia does not comply with international law, it faces a loss of 'commercial potential'.
Even after the attack on the Russian tanker, oil prices remain stable and hover around $85 per barrel. Experts believe that issues related to Ukraine's actions may further strengthen the situation on energy markets.
