economy
March 13, 2026
Russian and US envoys discuss Iran oil crisis
The US is starting to understand the key role of Russian oil in global energy stability amid the war on Iran, Kirill Dmitriev has said
TL;DR
- Russia and the US have held talks concerning the ongoing oil crisis, triggered by the US-Israeli war on Iran.
- Kirill Dmitriev, an investment envoy to President Putin, announced the meetings, which he attended at Putin's request.
- Discussions covered potential projects for restoring Russian-American relations and the crisis in global energy markets.
- Dmitriev stated that the US is beginning to understand the system-forming role of Russian oil and gas and the ineffectiveness of sanctions.
- US special envoy Steve Witkoff, Jared Kushner, and Josh Gruenbaum were thanked by Dmitriev for a productive meeting.
- The talks followed a recent phone call between Presidents Trump and Putin.
- The crisis led to the de facto closure of the Strait of Hormuz, causing oil prices to surge.
- Putin had previously warned about the destabilizing effects of Middle East conflicts on global energy supply.
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