 "Zelenskyy warns oil price surge from Israel-Iran conflict could aid Russia's war chest")
Ukrainian President Volodymyr Zelenskyy has warned that the recent spike in global oil prices, triggered by Israeli strikes on Iran, stands to benefit Russia and strengthen its military operations in Ukraine.
Addressing the media in Kyiv, Zelenskyy said that the increase in oil prices poses a serious risk to Ukraine’s defense capabilities, particularly as Western nations have failed to implement robust price caps on Russian oil exports. His statements were made on Friday but released under embargo until Saturday afternoon.
“The strikes led to a sharp increase in the price of oil, which is negative for us,” Zelenskyy said. “The Russians are getting stronger due to greater income from oil exports.”
Global oil prices rose as much as 7% after Israel and Iran exchanged attacks over the past 48 hours, raising concerns that further escalation in the region could disrupt oil exports from the Middle East.
Zelenskyy said he planned to raise the issue in an upcoming conversation with US President Donald Trump and also expressed concern that US military aid could be diverted away from Ukraine toward Israel during renewed tensions in the West Asia.
“In the near future, I will be in contact with the American side, I think with the president, and we will raise this issue,” he said.
Impact Shorts
More Shorts“We would like aid to Ukraine not to decrease because of this,” he said. “Last time, this was a factor that slowed down aid to Ukraine.”
Zelensky also hoped the escalation between Israel and Iran would not result in a drop in military aid to Kyiv, according to remarks published on Saturday.
“We would like to see aid to Ukraine not decrease because of this,” he said. “Last time, this was a factor that slowed down aid to Ukraine.”
Israel unleashed large-scale attacks on Iran Friday, targeting nuclear and military facilities as well as high-ranking generals and atomic scientists, sparking international calls to restraint as fears of broader conflict grow.
Ukraine’s military needs have been sidelined by the United States in favor of supporting Israel, Zelenskyy said, citing a shipment of 20,000 interceptor missiles, designed to counter Iran-made Shahed drones, that had been intended for Ukraine but were redirected to Israel.
“And for us it was a blow,” he said. “When you face 300 to 400 drones a day, most are shot down or go off course, but some get through. We were counting on those missiles.”
An air defense system, Barak-8, promised to Ukraine by Israeli President Benjamin Netanyahu was sent to the U.S. for repairs but never delivered to Ukraine, Zelenskyy said.
The Ukrainian president conceded that momentum for the Coalition of the Willing, a group of 31 countries which have pledged to strengthen support for Ukraine against Russian aggression, has slowed because of U.S. ambivalence over providing a backstop.
“This situation has shown that Europe has not yet decided for itself that it will be with Ukraine completely if America is not there,” he said.
The offer of a foreign troop “reassurance force” pledged by the Coalition of the Willing was still on the table “but they need a backstop, as they say, from America,” Zelenskyy said. “This means that suddenly, if something happens, America will be with them and with Ukraine.”
The Ukrainian president also said the presence of foreign contingents in Ukraine would act as a security guarantee and allow Kyiv to make territorial compromises, which is the first time he has articulated a link between the reassurance force and concessions Kyiv is willing to make in negotiations with Russia.
“It is simply that their presence gives us the opportunity to compromise, when we can say that today our state does not have the strength to take our territories within the borders of 1991,” he said.
But Europe and Ukraine are still waiting on strong signals from Trump.
Without crushing US sanctions against Russia, “I will tell you frankly, it will be very difficult for us,” Zelenskyy said, adding that it would then fall on Europe to step up military aid to Ukraine.
With inputs from agencies
 "Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?")
 "As Russia pushes east, Ukraine faces mounting pressure to defend its heartland")
 "Why Mossad was not on board with Israel’s strike on Hamas in Qatar")
 "Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe")
 "Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?")
 "As Russia pushes east, Ukraine faces mounting pressure to defend its heartland")
 "Why Mossad was not on board with Israel’s strike on Hamas in Qatar")
 "Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe")
