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Trump's Iran disaster hands Putin big win: EU reels with weeks of fuel left, Hormuz hell unleashed?

Published on May 04, 2026 12:00 am IST

Russia capitalizes on the global energy shock triggered by tensions in the Strait of Hormuz, expanding oil exports across Asia and regaining influence in Europe. As prices surge and supplies tighten, Vladimir Putin emerges as a key beneficiary while Donald Trump faces criticism over the Iran strategy’s global fallout. With the European Union scrambling for fuel and Asian demand rising, the crisis is reshaping global energy markets and geopolitical alliances.

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