Russian President Vladimir Putin says the Iran war has triggered a global energy crisis

Описание: Russian President Vladimir Putin has warned that the ongoing conflict in Iran has triggered a global energy crisis, with the potential to disrupt oil production and transport through the strategic Strait of Hormuz. Putin cautioned that oil shipments dependent on this route could come to a complete halt, intensifying global energy insecurity.

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Russia, the world’s second-largest oil exporter and holder of the largest natural gas reserves, remains a key player in stabilising energy markets. Putin stated that Moscow is open to resuming long-term, non-politicised energy cooperation with European customers, signalling a willingness to mitigate shortages despite current geopolitical tensions.

He also encouraged Russian companies to capitalise on opportunities arising from the Middle East situation, though he suggested that the spike in oil prices is probably temporary. Analysts warn that the crisis could have wide-reaching impacts on global fuel costs and energy-dependent economies if tensions persist.

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