Putin says he wants oil prices to be balanced amid US war against Iran

Published June 5, 2026 Updated June 5, 2026 09:31pm

Russia wants oil prices on global markets to be balanced and stable amid the U.S. war against Iran, Russian President Vladimir Putin says, according to Reuters.

Speaking at Russia’s annual economic forum, Putin says that the reduction in oil supplies is causing concern in the market, but that Russia is participating in OPEC+ to balance it.

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