Russia has warned that any attempts to destabilize the Middle East will lead to energy price hikes, the president has said Oil production dependent on the Strait of Hormuz could come to a complete halt within a month, Russian President Vladimir Putin has said. He warned about the serious risks that the US and Israel’s conflict with Iran could pose to the global energy market. Last year, around a third of the global sea-borne oil exports went through the straight, Putin said at a government