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Trump And Putin Discuss Iran War And Energy Crisis
Donald Trump and Vladimir Putin discussed the Iran war, Ukraine peace prospects, and global energy pressures amid U.S. consideration of easing Russian oil sanctions.
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U.S. President Donald Trump and Russian President Vladimir Putin spoke by phone on Monday about the war in Iran, potential progress toward ending the conflict in Ukraine, and the effects of global energy disruptions on the world economy.
The conversation took place shortly after Putin warned that the U.S - Israeli war against Iran had triggered an international energy crisis that could have serious economic consequences. He also cautioned that oil production relying on shipping routes through the Strait of Hormuz could face disruptions.
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The conflict has caused the sharpest rise in oil prices since Russia’s 2022 invasion of Ukraine. Although crude prices surged on Monday, much of the increase eased by Tuesday, while stock markets across Asia and Europe recovered.
The Kremlin said Trump initiated the call, marking the first conversation between the two leaders this year. During the discussion, they addressed Russian proposals aimed at quickly ending the war in Iran, the current battlefield situation in Ukraine, and the effect of developments in Venezuela on the global oil market.
Speaking to reporters at his golf club in Florida, Trump said the call with Putin was productive and indicated that the Russian leader expressed interest in helping address the situation involving Iran.
“I had a very good call with President Putin,” Trump said. “I told him he could be more helpful by ending the Ukraine-Russia war.”
Earlier, Putin said Russia currently the world’s second-largest exporter of oil and the country holding the largest natural gas reserves remains prepared to resume long-term energy cooperation with European countries if they wish to restore those relationships.
Meanwhile, the Trump administration is examining the possibility of easing oil-related sanctions on Russia, according to sources familiar with the discussions. The proposals could include broad relief measures or more targeted steps that would allow certain countries, including India, to continue buying Russian oil without facing U.S. penalties such as tariffs.
The potential move is aimed at increasing global oil supplies following disruptions to shipments from the Middle East, although it could complicate Washington’s strategy to restrict Russia’s financial resources for its war in Ukraine.
Trump said the United States was considering temporarily lifting certain oil-related sanctions to help bring down global prices.
“We have sanctions on some countries. We’re going to remove those sanctions until the situation stabilizes,” Trump told reporters, without naming the countries involved.
He also said if necessary, the U.S. Navy and allied forces would escort oil tankers through the Strait of Hormuz to safeguard energy shipments.
Last week, the United States permitted India to temporarily purchase Russian crude that was already being transported by tankers at sea, allowing the country to manage shortages caused by reduced Middle East supplies.
U.S. Treasury Secretary Scott Bessent said on Friday that Washington may release additional Russian oil from sanctions. At the same time, Russia’s presidential envoy for investment, Kirill Dmitriev, confirmed he had been discussing the issue with U.S. officials.
The Kremlin said the possibility of removing oil sanctions had not yet been discussed in detail with Washington, but both Trump and Putin recognize the broader impact sanctions have had on the global economy.
Editor’s Note:
This report summarizes official statements from Donald Trump, Vladimir Putin, and related officials regarding their recent phone conversation on the war in Iran, the conflict in Ukraine, and global energy market developments. Policy discussions and sanctions considerations remain subject to change as diplomatic and economic conditions evolve.
