US media: The Iran war has caused disruptions in energy production and transportation in the Middle East, leading to a surge in global oil and gas prices, and an unexpected rebound in Russia's position as an energy exporter.
Putin threatened to completely cut off natural gas supplies to Europe, and European natural gas futures prices have risen by more than 60%. Despite the EU's current insistence on reducing dependence on Russian energy, Norway's Minister of Energy admitted that high oil prices will reignite debates about the costs of sanctions against Russia.
Russia's oil and gas revenue fell by nearly a quarter last year, and this crisis has given it a breathing space. India has resumed purchasing Russian oil, and China may also accelerate the negotiations for the "Power of Siberia 2" pipeline.
Analysis points out that if Putin really cuts off supplies, Europe will face challenges, but returning to Russian energy would be economically and politically wrong.
Original article: toutiao.com/article/1859012510774420/
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