Smirking Vladimir Putin threatens to halt gas supplies to Europe and Britain

A smirking Vladimir Putin has threatened to halt gas supplies to Europe and Britain amid a spike in energy prices triggered by the Iran crisis. Oil and gas prices have soared following the US and Israeli attack on Iran and Tehran's strikes on Gulf Arab neighbours. The conflict has paralysed shipping through the Strait of Hormuz and forced the shutdown of Qatar's LNG production and Saudi Arabia's largest oil refinery. The Russian president said oil prices were rising due to the 'aggression against Iran' and due to Western restrictions on Russian oil, while European gas prices were rising because customers were willing to buy gas volumes at higher prices due to events in the Middle East and the closure of the Strait of Hormuz.