MOSCOW: Russian President Vladimir Putin has warned that the ongoing conflict between the US and Israel against Iran could have a similarly catastrophic effect on the global economy as the COVID-19 pandemic did which disrupted international markets and industries throughout the world.
Putin delivered his speech about the Middle Eastern conflict which produces serious effects on international production and logistics systems to an audience of Russian industrialists and businessmen at a Moscow gathering. He explained that the crisis has already started to impact industries which include oil and gas, metals, and fertilizers together with other major industrial sectors.
Putin compared the present situation to the COVID-19 pandemic which caused a worldwide decline in economic development. He warned that ongoing fighting would disrupt global supply networks while driving up economic risk for businesses.
The Russian president also warned his government and energy companies not to squander the revenue generated from rising oil prices. He explained that financial policy needs to proceed with extreme caution because global markets might experience sudden unfavourable shifts.
Putin stated that Russia has stabilized its economy through its ability to overcome sanctions yet he emphasized the country needs to maintain its strength because global conditions are evolving. He also explained that no nation can defend its essential national interests without establishing sovereignty which applies to every aspect of its operations from economic matters to transportation and logistics and financial systems.
Trump delays energy plant destruction for 10 days amid ongoing talks with Iran
Meanwhile, US President Donald Trump has announced that he will pause the destruction of an energy plant for 10 days, following a request from the Iranian government.
In a statement posted on his social media account, Trump confirmed the delay, which will extend the timeline for the destruction until Monday, April 6, 2026, at 8 P.M. Eastern Time.
US president noted that ongoing talks are proceeding “very well,” despite what he called “erroneous statements” from the media and others regarding the situation. Trump specifically criticized the “Fake News Media” for spreading misinformation about the negotiations, but reassured the public that progress is being made behind the scenes.
The announcement comes amid heightened tensions in the region, with the energy plant destruction reportedly being part of broader diplomatic efforts. While Trump did not go into further detail about the specifics of the talks, the decision to pause the operation marks a notable shift in the timeline.
The Iranian government’s involvement in the request has sparked widespread discussion, with both political analysts and international observers closely monitoring the situation.
Trump’s statement concludes with an expression of gratitude to those following the developments, emphasizing that the talks remain on track.
