Putin warns of energy crisis and offers supplies to Europe
President Putin said the Iran war caused a global energy crisis as oil prices topped 100 dollars. He noted Russia is ready to resume supplies to Europe.
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President Vladimir Putin announced on Monday that a global energy crisis has been triggered by the conflict in Iran, warning that maritime oil transit through the Strait of Hormuz could be nearing a total standstill. Despite the geopolitical friction, the Russian leader signaled that Russia remains open to supplying oil and gas to European markets, provided that future cooperation is based on long-term, non-politicized agreements.
