US EditionRussia the only ‘Winner’ of US-Israel War on Iran: EU Council President
European Council President Antonio Costa said Russia profits from rising energy prices and diverted military focus from Ukraine amid 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.
34 Articles
34 Articles
The President of the European Council pointed out the consequences of the conflict between Iran and the United States for Ukraine. ...
Russia is the Sole Beneficiary of the Middle East Crisis, EU Council President Warns
European Council President António Costa asserted that Russia is currently the only beneficiary of the war in Iran, DW reported on March 10. This assertion came in a speech to European Union ambassadors in Brussels. A surge in energy prices and the diminishing global focus on Russia’s war against Ukraine, Costa argued, are both working in Moscow’s favor. We bring you stories from the ground. Your support keeps our team in the field. DONATE NOW …
Costa also emphasized the need for the EU to protect the rules-based international order, which, according to him, is being challenged by the United States.
Russia is the only winner of the Iran war so far, European Council President Antonio Costa said on Tuesday, regretting that Moscow had benefited from the sharp rise in energy prices caused by US and Israeli strikes and Tehran's response.
Russia Cashes In As Iran War Disrupts Global Energy Markets
Russia is emerging as one of the biggest financial beneficiaries of the war involving the United States, Israel, and Iran. Rising oil prices and temporary sanctions relief have boosted the value and volume of Russian crude exports, analysts told CNBC. Energy markets have been shaken by fears that the conflict could disrupt shipments through the Strait of Hormuz. The narrow corridor carries roughly 20 percent of the world’s oil supply. As the Ira…
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