Putin Warns Europe of Potential Gas Cut Amid Middle East Turmoil
Russia is signaling that it may halt natural gas supplies to Europe as energy markets reel from the escalating crisis in Iran. President Vladimir Putin warned that soaring oil and gas prices—driven by conflict involving Iran, the U.S., Israel, and Gulf states—have created conditions in which Moscow could redirect its fuel exports to more lucrative markets. The turmoil has disrupted key energy routes, including shipping through the Strait of Hormuz, and forced shutdowns of major facilities such as Qatar’s LNG production and Saudi Arabia’s largest oil refinery. These disruptions have intensified global supply pressures, pushing prices sharply higher. Putin linked the potential cutoff to the European Union’s ongoing efforts to phase out Russian gas, including bans on new LNG contracts and a planned end to pipeline imports by 2027. With Europe moving away from Russian energy, he suggested that Russia could pivot toward buyers willing to pay premium prices, particularly in As...
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