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Russian President Vladimir Putin welcomes his Iranian counterpart Massoud Pezeshkian at the Kremlin, in Moscow, on Oct. 27, 2026. (Credit: Igor Ivanko/AFP) Add as preferred on Google Russia is stepping up its efforts to mediate the war between Iran and the United States. Most recently, Russian President Vladimir Putin presented a proposal to U.S. envoy Steve Witkoff during a meeting that lasted more than three hours in St. Petersburg on Oct. 21. Six days later, Putin reiterated his willingness to help broker an agreement between the two sides during a meeting with Qatar's emir, Sheikh Tamim bin Hamad al-Thani. The two leaders met the day after Iranian President Massoud Pezeshkian visited Moscow.Yet the war between Israel, the United States, and Iran also serves Russia's interests. The immediate surge in global oil prices has doubled Russia's oil revenues in record time, generating as much as an additional $6 billion per month compared with 2025. So what does Putin hope to gain from regional peace? In... You have reached your article limitStay informed about a Middle East in crisis.Subscribe for $0.5/month for the first 3 months. Subscribe now Log in This article is only available to L’Orient Today subscribers. Subscribe now Log in Create a free account to continue reading this article. You’ll also receive The Morning Brief, our must-read daily digest of Middle East news. Opt out anytime Email Address Password Email Address Password I would like to receive special offers from L'Orient Today as well as selections of the best articles. Register By creating an account, you agree to the terms and conditions of use and our privacy policy. Register Or register with: Facebook
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