Oil prices are rising in the markets of Asia after the failed coup by the paramilitary Wagner in Russia.

According to the British news agency Reuters, the situation in the European country Russia, which is one of the major oil producing countries, for the past one week has raised concerns about possible effects on oil supply in addition to political instability.

Brent crude oil rose 95 cents, or 1.3 percent, to settle at $74.80 a barrel on Sunday night.

Similarly, in the United States, the price of West Texas Intermediate (WTI) crude oil rose to 70.4 dollars per barrel, which is an increase of 88 cents and 1.3 percent.

Remember that last weekThe US paramilitary unit ‘Wagner’ had announced a rebellion against the Russian military leadership, after which President Vladimir Putin held an emergency press conference and said that whoever raised arms against the Russian army would be punished.

The threat of a clash between the Russian army and the Wagner paramilitary force was averted after an agreement was reached on Sunday night.

Earlier, the armed forces included in Wagner had started advancing towards Moscow from their camp in Ukraine.

Russian President Vladimir Putin called Wagner’s act treasonous and announced severe punishment for him.

However, efforts by neighboring Belarus later led to negotiations and an agreement was reached after Russia announced it would not prosecute Wagner’s commander and the soldiers involved.

Russian officials say Wagner’s head Eugenie Prigogine will be transferred to Belarus and their fellow soldiers will return to their home front.

Analysts of the American investment bank Goldman Sachs say that the political and war situation in Russia may hinder the supply of oil and may have negative effects on the supply of oil, which will cause oil prices to fall. Further increases are possible.

However, at the same time, analysts have also shown the possibility that the negative effects arising from this situation will be for a limited period.

US Secretary of State Anthony Blanken, on the other hand, says that the extraordinary challenges posed by the armed uprising by Wagner fighters have exposed fresh ‘fissures’ in President Vladimir Putin’s leadership that may take weeks or months to heal.

Members of Congress, including Antony Blanken, have said in interviews given to various television channels that President Putin has been weakened by the recent turmoil in Russia, and that in addition to retaliating against the Russian army by the Ukrainian forces, the Baltic states including Poland. Benefited.

Foreign Minister Antony Blanken pointed to the recent action by Wagner’s forces, saying the lava had been brewing for several months, but described Wagner’s armed rebellion as an “internal problem” for Russia.