As energy prices soar, Russia emerges as major winner of Middle East war
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The Bottom Line
Russia benefits from Middle East conflict due to soaring energy prices; US may ease Russian oil sanctions.
How This Affects You
If US sanctions on Russian oil are eased, it could increase global oil supply, potentially lowering gas prices for American consumers.
AI Summary
Russia has emerged as a significant beneficiary of the Middle East conflict due to soaring energy prices and diminished international focus on its war in Ukraine, according to EU Council President Antonio Costa. President Donald Trump and Russian President Vladimir Putin recently discussed the war, with reports indicating the Trump administration is considering easing oil sanctions on Russia. This potential move aims to increase global oil supplies amid the ongoing geopolitical tensions. The situation highlights Russia's strengthened position on the global stage as energy markets react to regional instability.
What's Being Done
The Trump administration is reportedly considering easing oil sanctions on Russia to increase global oil supplies.
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GlobalU.S. Eases Limits on Russian Energy as Oil Prices Soar
The volatility in energy markets because of the war in Iran could not come at a better time for President Vladimir V. Putin.
PoliticsTrump administration allows for Russian oil sales as energy prices soar - The Washington Post
PoliticsU.S. eases some sanctions on Russian oil, but crude prices remain high
The move, intended to soothe jittery markets over the disruption of Middle Eastern oil and gas supplies, underlines how the war has boosted Moscow's ability to profit from its energy exports, a pillar of the Kremlin's budget as it presses its invasion of Ukraine.
Global‘I don’t give a shit about Iran. I don’t want to pay higher gas’: Motor City motorists feel pinch as gas prices surge
<p>Drivers in Detroit are unhappy with the spike in gas prices, even if reactions are mixed to the US-Israel war on Iran</p><p>On a rainy <a href="https://www.theguardian.com/us-news/detroit">Detroit</a> afternoon at a gas station off Interstate 75, Victor Rodriguez watched the pump tally tick up as he filled up his F-250 diesel pickup truck for $4.19 per gallon. It totaled $110. “Ridiculous,” he said.</p><p>The <a href="https://www.theguardian.com/world/us-israel-war-on-iran">US-Israel war on Iran</a> has <a href="https://www.theguardian.com/business/2026/mar/12/middle-east-war-creating-largest-supply-disruption-in-the-history-of-oil-markets">crippled major portions</a> of the oil supply chain, sending gas prices soaring as the conflict enters its third week. Rodriguez said he supports “getting rid of this thug”, referring to Iran’s <a href="https://www.theguardian.com/world/2026/mar/08/death-of-khamenei-seen-as-irans-berlin-wall-moment">Ayatollah Ali Khamenei</a>, who was killed b...
GlobalIran's unrelenting attacks on Mideast shipping and energy infrastructure send oil prices up again - AP News
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GlobalZelensky in Paris: Macron vows to keep support for Ukraine
French President Emmanuel Macron Friday vowed to keep up pressure on Russia to end its four-year invasion of Ukraine after Washington partially rolled back sanctions against Moscow to cool oil prices sent soaring by the Middle East war. FRANCE 24's Camille Knight reports.

US and Iran Keep Up Strikes as Trump Mulls Possibility of a Deal - Bloomberg.com
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