Russia is preparing to temporarily suspend all gasoline exports starting April 1 in response to soaring domestic fuel prices caused by Ukraine's strikes.

Russia could halt gas supplies to Europe right now amid a spike ‌in energy prices triggered by the Iran crisis, President Putin warned on Wednesday, linking the possible decision to the European Union wanting to ban purchases of Russian gas and liquefied natural gas.

The Iran war has caused energy prices to surge, directly benefiting — and filling the coffers — of major oil and gas producers like Russia.

Add Yahoo as a preferred source to see more of our stories on Google. Russian ruler Vladimir Putin is attempting to use the war in Iran to try to push the European Union to reconsider its plans to phase out Russian gas. Source: Russian Telegram channel ...

Oil and gas exports have sustained Russia’s finances throughout its war against Ukraine. But as the fourth anniversary of the full-scale invasion approaches, those cash flows have suddenly dwindled to lows not seen in years. It’s the result of new ...

The outreach comes at a time when the ongoing crisis in West Asia has unsettled global oil and gas markets, particularly due to supply disruptions linked to the Strait of Hormuz.

Add Yahoo as a preferred source to see more of our stories on Google. Russian President Vladimir Putin floated the idea of cutting off gas supplies to Europe, telling reporters on March 4 that a gas shortage triggered by the war in Iran could give Moscow ...