As energy prices soar, Russia emerges as major winner of Middle East war

AFP / France 24
by FRANCE24
March 10, 2026
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2 min read

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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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