Zelenskyy warns oil price surge could help Russia’s war effort in Ukraine

Ukrainian President Volodymyr Zelenskyy (Evgeniy Maloletka/AP)

A sharp rise in global oil prices after Israeli strikes on Iran will benefit Russia and bolster its military capabilities in the war in Ukraine, Volodymyr Zelenskyy has said.

The Ukrainian president told journalists in Kyiv that the surge in oil prices threatens Ukraine’s position on the battlefield, especially because western allies have not enforced effective price caps on Russian oil exports.