Russia Reaps Energy Leverage as Iran Conflict Pushes Oil and Gas Prices Higher

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Source: The New York Times
Russia Reaps Energy Leverage as Iran Conflict Pushes Oil and Gas Prices Higher
Photo: The New York Times
TL;DR Summary

Iran’s war disrupts Middle East oil production and shipping, boosting global energy prices and giving Russia renewed influence as a leading energy supplier; Putin warns of cutting gas to Europe while Europe debates how hard it will bear Moscow’s energy leverage, even as other buyers like India resume Russian oil purchases.

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