Trump-Putin discusses war, Russain oil sanctions

US President Donald Trump and Russian counterpart Vladimir Putin discussed the war in Iran and ‌prospects for peace in Ukraine, hours after the Kremlin chief warned that a global energy crisis threatened the world economy on Monday.

The conflict caused the biggest spike in oil prices since Russia's 2022 invasion of Ukraine although the bulk of a surge in crude oil prices on Monday was reversed on Tuesday and ​Asian and European share prices staged a recovery, reports Reuters.

The Kremlin said Trump had called Putin and, in their first telephone call this ​year, they discussed Russian ideas for a speedy end to the conflict in Iran, the military situation ⁠in Ukraine and the impact of events in Venezuela on the global oil market.

'I had a very good call with President Putin,' Trump ​told a press conference at his Florida golf club, adding that Putin wanted to be helpful on Iran.

'I said, 'You could be more ​helpful by getting the Ukraine-Russia war over with. That will be more helpful.'

Putin had said earlier that the US-Israeli war on Iran had triggered a global energy crisis, while cautioning that oil production dependent on transport through the Strait of Hormuz near Iran's coast could soon come to a halt.

Putin said Russia, ​the world's second-largest oil exporter and holder of its biggest natural gas reserves, was ready to work again with European customers if ​they wanted to return to long-term cooperation.