President Vladimir Putin Warns of Total Global Oil Supply Halt as Strait of Hormuz Crisis Deepens Amid Iran Conflict

Vladimir Putin warns the Iran war and Strait of Hormuz crisis could stop global oil flows within a month, as prices hit the highest levels since 2022.

By: AXL Media

Published: Mar 10, 2026, 4:46 AM EDT

Source: The information in this article was sourced from The Times of India

Moscow Warns of Imminent Energy Market Collapse

Russian President Vladimir Putin has issued a stark warning regarding the deteriorating situation in the Middle East, asserting that the global energy market is on the precipice of a historic supply crisis. During a televised meeting with senior government officials and energy executives, Putin stated that the current war involving Iran has already begun to choke essential supply lines. According to the Kremlin, the conflict has moved beyond a regional skirmish and now poses a direct threat to the stability of the global economy. Putin emphasized that Moscow had long cautioned that instability in this sensitive region could trigger a systemic failure in energy distribution, a scenario he believes is now rapidly unfolding.

The Critical Vulnerability of the Strait of Hormuz

The focus of the international community remains fixed on the Strait of Hormuz, a narrow but vital waterway responsible for the transit of roughly 20 percent of the world’s oil and liquefied natural gas. President Putin noted that the "effective closure" of this channel due to active hostilities has already sent oil prices climbing to their highest levels since 2022. He warned that if the military deadlock persists, production that is physically dependent on passage through the Strait risks halting completely within the next month. This timeline suggests an urgent window for diplomatic intervention before global reserves are exhausted and the physical supply chain is permanently damaged.

Strategic Coordination and Global Economic Stakes

The Russian leader’s comments follow an hour-long phone call with U.S. President Donald Trump, who has expressed a desire to end the conflict quickly while simultaneously warning Tehran against further escalation. While Trump has signaled a willingness to remove some oil sanctions to cool soaring crude prices, Putin remains skeptical that such measures can offset the physical blockade of the Strait. The Russian President argued that the current crisis is a direct result of ignoring long-standing security concerns in West Asia. He suggested that as oil prices touch the $120 mark, the world's major economies are facing an inflationary pressure that could result in a prolonged global recession.