By Admin 
The fire of war going on in the Middle East is now gradually engulfing the economy of the entire world. When Donald Trump returned to the White House again in 2025, he started trying to weaken Russia’s energy sector from the very first day. Trump called Moscow a war machine regarding the Ukraine war and started putting pressure on India and China, Russia’s two biggest oil customers. The result of this is that America imposed an additional tariff of 25 percent on India so that it can stop buying oil from Russia. Although now the Trump administration has given relief in tariffs to India, it has made its position clear regarding Russian energy and oil.
Ural crude oil price rises due to rust
This policy of Donald Trump regarding Russian oil was also effective, but ever since America started war by attacking Iran, Trump’s plan has started costing him heavily. The ongoing war in the Middle East disrupted the export of crude oil from the most important region (Arab countries) in terms of energy production. This became the most profitable opportunity for Russia. Last week, America gave India a 30-day exemption to buy Russian oil stranded in the sea. US Finance Minister Scott Besant said that this step has been taken so that there is no shortage of oil in the global market.
The US Treasury Secretary also said that the US could further ease Ukraine-related sanctions on Russian oil to help increase global supply. The tough steps taken by America against Russia from the year 2025 have forced President Vladimir Putin to think whether he should continue the war or risk serious damage to his economy. However, now the game has changed because due to war, the prices of Brent crude are increasing, due to which the value of Russia’s ‘Urals’ oil has also increased.
Russia becomes king of oil market due to Middle East war
Due to the fear of breaking the global supply chain amid Middle East tension, the demand for Russia’s Ural crude oil has increased by about 20-25 percent in the last 10 days. The Strait of Hormuz accounts for about 20-25 percent of the world’s total maritime oil trade. The fear of its closure and the news of attack on ships have made Russia the king of the oil market. Following the bombing of Iran’s oil reserves, benchmark crude oil prices rose above $100 a barrel, the highest since summer 2022.
Following the US and Israeli bombing of Iran’s oil reserves, crude oil prices rose above $100 per barrel, the highest level since the summer of 2022. According to data from global energy trackers Kpler and Vortexa, before the war, the price of Ural crude was 65-68 dollars per barrel, whereas after the war, the price has reached 78-82 dollars per barrel. That means there was an increase of 20 percent. Raw
Reduction in discount given to India
Before the Middle East tension, Russia used to give a discount of 8-10 dollars per barrel to India on Ural oil, but in view of the current situation, now the discount has been reduced to only 2-4 dollars per barrel. This war has increased Russia’s daily supply chain. Before the war, Russia used to supply 32 lakh barrels of crude oil to the world every day and now it supplies 35 lakh barrels. After talking to Putin, Trump has said that the United States will lift oil-related sanctions on some countries to reduce the oil shortage.
Kremlin spokesman Dmitry Peskov, referring to a sales proposal, said, ‘Russia has been and still is a reliable supplier of both oil and gas.’ He further said that the demand for Russian energy products has increased. Kirill Dmitriev, a close aide of President Vladimir Putin, said that the tsunami of the oil crisis in the world has just begun. He also criticized the decision to break Europe’s ties with Russian energy, calling it a strategic mistake.
Putin set conditions for European countries
Vladimir Putin said that if European countries give up political pressure and are ready for long-term stable cooperation, Russia is ready to continue supplying them with oil and gas. He said Moscow will continue to supply oil to its trusted partners in Asia as well as to EU member states Hungary and Slovakia. The European Union imposed a ban on seaborne imports of Russian crude through 2022, while damage to the Druzhba oil pipeline through Ukraine has effectively halted Russian pipeline exports to Hungary and Slovakia since January.
America is spending billions every day on war
America is spending thousands of crores of rupees every day in the war in the Middle East. The Trump administration is spending about 891 million dollars (about 8,223 crores in Indian rupees) every day from its treasury. The total expenditure reached about 6 billion dollars in the first week of the war itself. According to the report of Washington-based think tank Center for Strategic and International Studies (CSIS), the Pentagon said that about 30 million dollars is being spent every day in air operations, about 15 million dollars per day in navy operations and about 1.6 million dollars per day in ground operations.