Putin says Hormuz crisis may halt oil flows, hints Russia could cut supply to EU

Published on Mar 10, 2026 09:21 am IST

As Iran’s war chokes the Strait of Hormuz, Vladimir Putin issues a chilling energy warning, saying oil flows tied to the strait could “halt within a month” and noting prices already spiking above $119 before whipsawing past $100. He touts Russia as a “reliable supplier” while hinting Moscow may cut hydrocarbons to Europe before Brussels “slams the door” with new sanctions, redirecting barrels to “more attractive” markets. Yet he also dangles a lifeline, saying Russia is ready to work with European buyers again—if they offer long‑term, apolitical deals.

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