Russian President Vladimir Putin warned that the world could be entering a new energy crisis as geopolitical tensions continue to disrupt global oil supply routes. Reuters reported that instability in the Middle East could further strain already volatile energy markets.

The Strait of Hormuz, a key global shipping corridor for oil exports, has become a major concern for energy traders. Any disruption to this route could significantly reduce the amount of oil reaching international markets.

Putin said Russia remains willing to cooperate with European partners on energy supplies if economic conditions allow. Russia remains one of the world’s largest producers of oil and natural gas.

Analysts say rising geopolitical tensions could reshape global energy trade and push prices higher. Governments and businesses are closely monitoring developments that could impact fuel supply and global economic stability.