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Putin Offers Europe Oil, Prices Surge Amid Tensions

3/10/2026

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Story summary
  • Russian President Vladimir Putin said Russia will supply oil and gas to Europe if cooperation is long-term and free of political pressure.
  • Oil prices rose above $100 after U.S. and Israeli strikes on Iran.
  • Putin said Russia would continue supplying oil to reliable partners in Asia and EU members Hungary and Slovakia.
  • The remarks follow Hungarian Prime Minister Viktor Orbán's call to suspend sanctions on Russian energy amid rising prices.