An armed rebellion in Russia stoked fears energy supplies would be impacted by potential unrest in one of the world's largest oil producer nations.
The armed rebellion by Yevgeny Prigozhin, leader of the Wagner group of mercenary fighters, posed the biggest threat to Vladimir Putin's 23-year grip on power.
"We have seen in the early market moves that risk off is being played out in play in the commodity markets," Chris Iggo, AXA's Chief Investment Officer for Core Investments, told CNBC. "The fear that any disruption in Russia could lead to further disruptions in the global energy market." Russia's President Vladimir Putin issues a statement in Moscow on June 24, 2023 as Wagner fighters stage rebellion in the biggest threat to Putin's quarter-century grip on power.Oil prices rose on Monday after an attempted insurrection in Russia stoked fears that energy supplies would be disrupted by potential unrest in one of the world's largest oil producer nations.
The armed rebellion by Yevgeny Prigozhin, leader of the Wagner group of mercenary fighters, posed the biggest threat to Vladimir Putin's 23-year grip on power.
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