MOSCOW: US President Donald Trump and Russian counterpart Vladimir Putin discussed on Monday the war in Iran and prospects for peace in Ukraine, just hours after the Kremlin chief warned that a global energy crisis threatened the world economy. The US and Israeli attack on Iran triggered the biggest spike in oil prices since the turmoil following Russia’s 2022 invasion of Ukraine, as Gulf producers reduce output after the closure of the Strait of Hormuz.

Oil prices exceeded $100 per barrel on Monday, reaching peaks unseen since 2022, as the Iran war triggered a global energy crisis.

MOSCOW: Russia’s President Vladimir Putin and US President Donald Trump on Monday discussed the Iran war and Ukraine conflict during a “frank and constructive” telephone call, the…