Russian President Vladimir Putin held a phone call with US President Donald Trump on Monday and shared his proposals for a quick settlement to the Iran war, Kremlin foreign policy aide Yuri Ushakov told reporters.
The leaders also discussed the Russia-Ukraine War and the situation in Venezuela in the context of the global oil market situation, Ushakov said.
Putin: Energy crisis here, but Russia ready to work with Europe
Earlier on Monday, Putin said that the US and Israeli war on Iran had triggered a global energy crisis and cautioned that oil production dependent on transport through the Strait of Hormuz could soon come to a halt.
Putin said that Russia, the world’s second-largest oil exporter and holder of the biggest natural gas reserves, was ready to work again with European customers if they wanted to return to long-term cooperation.
Western powers, however, have spent the past four years sharply reducing their reliance on Russian oil and gas in response to Moscow's war in Ukraine and subsequent EU and G7 sanctions.
The loss of the European market has deprived Russia of its most lucrative customers and forced it to sell oil and gas at steep discounts to Asia.
US weighs easing Russian oil sanctions to cool global price surge, sources say
The Trump administration is weighing further easing sanctions on Russian oil to help cool a surge in global energy prices, according to three sources familiar with the planning, a move that could complicate US efforts to deprive Moscow of revenue for its war in Ukraine.
Russia providing Iran intelligence to target US forces, officials say - report
Russia is providing Iran with information to target US forces in the Middle East, The Washington Post reported on Friday, citing three officials familiar with the matter.
According to the report, Russia has been giving Iran the locations of US military assets since the outbreak of the war, including warships and aircraft.
This signals that the expanding conflict now includes one of the US's biggest nuclear competitors with "exquisite intelligence capabilities," the Washington Post noted, adding that it also marks a shift from what experts previously thought: that Russia would stay out of the conflict and limit its response to diplomatic condemnations.
Ariella Roitman contributed to this report.