Ukraine Warns Oil Price Surge Set to Boost Putin’s War Chest

Ukraine’s central bank chief said the US-led campaign against Iran risks piling additional pressure on the country’s war-devastated economy while handing a boost to Russian President Vladimir Putin in the fifth year of his invasion.

In an interview, Governor Andriy Pyshnyi spelled out the knock-on effects of spiraling oil prices triggered by the Middle East turmoil, including a worsening trade balance and a surge in energy costs that could boost inflation, depending on the duration of the upheaval.