The Israel Iran conflict has entered its sixth day on Wednesday (June 18). US President Donald Trump has called for "unconditional surrender" of Iran to stop the conflict to escalate in the West Asian region.

"The fact remains that Russia was unable to prevent a mass strike by Israel on a country with which five months ago [Russia] signed a comprehensive strategic partnership. "Clearly Moscow is not prepared to go beyond political statements condemning Israel, it's not ready to provide Iran with military assistance."

Oil prices climbed on Tuesday as the Iran-Israel conflict raged with no end in sight, though major oil and gas infrastructure and flows have so far been spared from substantial impact.