"Putin's Middle East Visit: Oil Talks and Surprises Await"

1 min read
Source: Reuters
"Putin's Middle East Visit: Oil Talks and Surprises Await"
Photo: Reuters
TL;DR

Russian President Vladimir Putin is visiting the Middle East for talks with Saudi Crown Prince Mohammed bin Salman (MbS) to discuss oil production, OPEC+, and conflicts in the Gaza Strip and Ukraine. Putin's visit comes after a drop in oil prices despite OPEC+'s commitment to further cut output. He will also meet with UAE President Sheikh Mohammed Bin Zayed Al Nahyan and Iranian President Ebrahim Raisi during his trip. The discussions will cover energy cooperation, the Israeli-Hamas conflict, the situation in Syria and Yemen, and ensuring stability in the Gulf. Putin and MbS, who control a significant portion of global oil production, have maintained close ties despite occasional tensions.

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