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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 3 months ago
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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.

Key Facts

Fact Value
Date March 10, 2026
Source France 24

Sources

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