Russia and China Near 'Very Serious' Oil and Energy Agreement, Potentially Upending Global Markets

China Russia Deal: After the beginning of this war, Iran closed the Strait of Hormuz, one of the most important sea routes in the world. It broke the supply chain of crude and LPG around the world. The effect of this is that the price of crude is seeing a tremendous boom. Meanwhile, a statement by Russian President Vladimir Putin has caused a stir in the world's energy market. Putin announced that Russia and China are close to a "very serious" oil and energy agreement. If this deal between China and Russia is finalized, the United States and Europe are sure to sleep. The agreement between Russia and China is not a trade between the two countries, but the direction of fossil fuel flows in the Eurasian continent. This statement of Putin is going on its most important statement after 2 decades.