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Zelenskyy Warns Oil Price Surge Could Help Russia’s War Effort

UKRAINE, JUN 17 – Zelenskyy said rising oil prices from Middle East conflicts increase Russia's revenues from oil exports, risking reduced Western military aid to Ukraine amid shifting US priorities.

  • Zelenskyy warns that a surge in oil prices driven by Middle East tensions risks boosting Russian revenue and undermining Ukraine's defense due to uncapped exports and ineffective price caps.
  • Following Israeli strikes on Iran, global oil prices surged up to 7%, raising fears of export disruptions that could benefit Russia's war effort, as tensions escalate in the Middle East.
  • Analysis reveals that increased oil exports now generate nearly 30% of Russia’s federal revenues, bolstering its war effort in Ukraine.
  • Zelenskyy warned of US military aid being diverted to Israel, citing a shipment of 20,000 interceptor missiles redirected from Ukraine during Middle East tensions.
  • Zelenskyy plans to discuss with US President Trump the need for new price caps and sanctions amid fears aid diversion due to Middle East tensions.
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LexBlog broke the news in on Saturday, June 14, 2025.
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