The implementation of new tariffs by the US on several countries has led to turbulence in the global oil market, impacting Russia’s budget significantly. Brent crude oil futures have dropped to their lowest point since April 2021, causing concern among officials in the Kremlin. Dmitry Peskov, the Kremlin Spokesman, has acknowledged the market volatility and stated that Russia is actively working to protect its economy from these fluctuations. The situation remains uncertain as countries navigate through these challenging times in the oil market.