Russia the only ‘Winner’ of US-Israel War on Iran: EU Council President
European Council President António Costa said Russia gains tens of billions in oil revenue as global focus shifts from Ukraine to the US-Israel conflict with Iran.
- On Tuesday, European Council President Antonio Costa told EU ambassadors in Brussels that Russia is the only beneficiary of the US–Israeli conflict with Iran, profiting from rising energy prices.
- Now in its 11th day, the conflict has spread as Iranian forces struck back, disrupting fuel flows and halting traffic through the Strait of Hormuz, pushing global prices higher.
- Europe's energy vulnerability is underscored by its pre-war reliance on Russian gas, while oil prices spike sharply on Monday, driven by market pressures, Costa said.
- Costa warned the diversion of military capabilities and energy-driven revenues benefits Russia by weakening Ukraine and providing new resources for its war effort.
- On Monday, US President Donald Trump called Vladimir Putin and said Washington would waive some oil sanctions to boost supply, while Scott Bessent last week issued a 30-day waiver for Russian oil sales to India.
47 Articles
47 Articles
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