Russia warns Strait of Hormuz blockade could disrupt global markets

MOSCOW (AP), Apr 13: Russia has warned that a potential blockade of the Strait of Hormuz could negatively impact global markets and heighten international economic instability.

Kremlin spokesman Dmitry Peskov said that any such actions would likely have a broad impact on international markets, though he noted that many details of the situation remain unclear. “Most likely, such actions will continue to negatively impact international markets,” he told reporters, adding that it was too early to provide detailed assessments.

Peskov said Russia would refrain from further substantive comments until more clarity emerges on the developments surrounding the region.

Meanwhile, shipping data indicated that two Iran-linked oil tankers exited the Persian Gulf through the Strait of Hormuz ahead of the expected blockade by the United States on Iranian ports and coastal areas. The vessels reportedly included the Auroura, carrying Iranian oil products, and the New Future, transporting diesel loaded from the Hamriyah port in the United Arab Emirates.