Russian President Vladimir Putin condemned the killing of Iran's Supreme Leader Ayatollah Ali Khamenei but has not taken concrete actions beyond expressing condolences. The muted response highlights geopolitical tensions between major powers and could impact global oil markets, as both Russia and Iran are key OPEC+ players. Market participants are closely watching for any policy shifts that might affect crude oil supply dynamics. The situation remains fluid, with potential spillovers into broader commodity markets and regional stability.