Putin shared the proposals during a phone call with US President Donald Trump, though Moscow has not revealed the details of the plan. The G7 held an emergency meeting as oil prices surged following escalating tensions and disruptions to global energy supplies.
BY PC Bureau
March 10: The Kremlin said Tuesday that Russian President Vladimir Putin has proposed mediation and specific steps aimed at reducing tensions over the conflict involving Iran.
According to the Kremlin, Putin shared several de-escalation proposals during a phone call with US President Donald Trump. However, officials declined to reveal the details of the proposals, saying they would not disclose them publicly at this time.
#BREAKING : Putin and Trump Hold Phone Call on Iran Conflict, Ukraine Peace Talks
Vladimir Putin held a phone conversation with Donald Trump to discuss the ongoing Iran conflict and negotiations aimed at resolving the war in Ukraine.
Kremlin aide Yury Ushakov said the call was… pic.twitter.com/aeRxFZqBy0
— upuknews (@upuknews1) March 10, 2026
G7 weighs oil reserve release as prices surge
Meanwhile, the Group of Seven (G7) industrialised nations held an emergency meeting on Monday as oil prices surged amid the escalating US–Israel conflict with Iran.
Crude prices briefly climbed above $119 per barrel, the highest level since mid-2022, following the closure of the Strait of Hormuz and production cuts by Gulf producers such as Kuwait and Iraq.
While the G7 did not immediately agree to release strategic oil reserves, French officials said discussions would continue on Tuesday.
READ: Iran Says No Oil Will Leave Region if Conflict Intensifies
France, which currently holds the rotating G7 presidency, is leading efforts to stabilise global energy markets. Government spokesperson Maud Bregeon said the priority is “putting volume back into the market” to ease pressure on consumers.
French Finance Minister Roland Lescure said no final decision was made during Monday’s meeting but stressed that “all options are on the table.” Energy ministers are expected to hold a video conference to coordinate a potential response with the International Energy Agency (IEA).
In a joint statement, the G7 said it is prepared to take “necessary measures,” including releasing emergency reserves if supply disruptions persist. The IEA currently holds more than 1.2 billion barrels of public emergency oil stocks.
