Politics
As energy prices soar, Russia emerges as major winner of Middle East war
Russia has capitalized on rising energy prices amid the ongoing conflict in the Middle East, overshadowing its war in Ukraine.
editorial-staff
1 min read
Updated about 1 month ago
Summary
Summary
- Energy prices have surged due to the conflict.
- Russia is perceived as the primary beneficiary of the situation.
- EU Council President Antonio Costa highlights this shift in focus.
Updates
Update at 01:00 UTC on 2026-03-12
Oil & Gas reported Crude oil prices soar as Russia capitalizes on geopolitical tensions.
Sources: Oil & Gas