Vladimir Putin cashes in as Hormuz chaos sends oil, gas prices soaring | Russia

Published on Mar 07, 2026 08:37 am IST

As Iran threatens to burn ships in Hormuz, tankers are hit, Qatar’s LNG is shut and Ras Tanura goes dark, oil jumps ~10% and gas 40%. While U.S. allies scramble for barrels, Russia quietly rebrands itself as the “reliable” supplier - cashing in on Trump’s war.

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