Global Tensions Surge as World Faces Russian Oil Cut Off

President Vladimir Putin warned that the global economy would face severe consequences without Russian oil, predicting prices over $100 per barrel. Meanwhile, U.S. President Donald Trump encouraged global powers like Europe, India, and China to cease purchasing Russian oil to hinder Moscow's war efforts in Ukraine.

President Vladimir Putin has issued a stark warning about the potential impact on the global economy should Russian oil supplies be curtailed. Speaking on Thursday, he suggested that prices could soar to over $100 per barrel if such a scenario unfolded.

In contrast, U.S. President Donald Trump is advocating for a drastic reduction in Russian oil buying. He has called on key economic players such as Europe, India, and China to halt their purchases from Moscow in a bid to diminish its financial resources for the ongoing conflict in Ukraine.

This geopolitical tension highlights the complex interplay between energy markets and international relations, with potential ramifications for both energy prices and global economic stability.

(With inputs from agencies.)