LIVE: Putin’s Emergency Address, 'World War 3' Fears Skyrocket Amid Middle East Oil Crisis

By Times Now World

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A global energy crisis has erupted following US military attacks on Iran, prompting Russian President Vladimir Putin to declare a strategic pivot in the ensuing oil war. With the critical Strait of Hormuz effectively closed and oil prices soaring over 30%, Putin addressed Russian energy leaders, positioning Russia as a reliable supplier amid the chaos. He announced plans to potentially halt energy flows to the European Union, redirecting oil and gas exports to Asian markets and capitalizing on the supply disruption caused by the conflict initiated by US President Donald Trump's administration. The move threatens to exacerbate global inflation and trigger a worldwide recession as markets react to the escalating geopolitical conflict in the Middle East. #live #OilWar #Putin #Trump #Iran #EnergyCrisis #BreakingNews #MiddleEast #StraitofHormuz #OilPrices #GasPrices #WorldNews #Geopolitics #russia US-Iran War 2026 Latest Updates: Full coverage of the military escalation and frontline de

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