Putin, Bin Salman Discuss Global Oil Stability Amid Economic Challenges

Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman held a phone call focused on enhancing cooperation within the OPEC+ framework to stabilize global oil markets. Putin emphasized Russia's commitment to collaborating with Saudi Arabia amidst ongoing oil price fluctuations and thanked the Crown Prince for facilitating recent Russia-U.S. negotiations. Meanwhile, the Third Caspian Economic Forum in Tehran aimed to bolster regional collaboration among Caspian littoral states, with discussions on economic integration, transport infrastructure, and energy security. Iran expressed readiness to invest in infrastructure linking the Caspian Sea with the Persian Gulf, aiming to strengthen ties with Russia and other regional partners. The forum highlighted the importance of the Caspian Sea as a strategic economic hub, particularly in light of global supply chain challenges and the need for energy diversification. This event serves as a platform for addressing regional tensions through economic cooperation and integration.