Russia expands oil sales as EU warns global economy ‘reeling’ from Iran war fuel crisis

Moscow will sell to Indonesia and Japan, as both countries seek a hedge against the closure of the Strait of Hormuz

Russia will supply Indonesia and Japan with crude as both countries look for ways to weather the fuel crisis brought on by the US-Israeli war on Iran. The global economy is “reeling,” and there is “no swift exit” in sight to the standoff in the Strait of Hormuz, EU foreign policy chief Kaja Kallas has said.

The blockage...