The Hidden Winner Of The Iran War: Russia's oil economy
The hidden winner of the Iran war: Russia's oil economy
America's war with Iran is for the greater good, as wiping out the terrorist regime is the only solution to getting closer to achieving world peace. But the war has clearly had a toll on oil exports as the strait of Hormuz, which Iran and other middle eastern big oil exporting countries border, has been closed by Iran in order to put pressure on America to end their campaign in Iran. The strategy is a seemingly good one as the world has brought out 400 million barrels from the emergency reserves and has caused many more people in America and the world to want a ceasefire. But in truth America exports more oil than it imports, so America is actually okay. But due to the crisis, the war has caused an uptick in oil prices as there is still a worldwide panic because many other countries import oil from the middle east.
One country is silently benefiting from this war. That country is Russia. Russia, whose oil was previously sanctioned by America due to the war in Ukraine, has been making some big money from this war. Due to the ongoing oil crisis, America has had to relieve Russia of some of their oil sanctions to increase the amount of oil in the world so that the supply meets the demand.
Russia also gets a lot more money then they would be getting for their oil, as countries have to pay the Russians more for oil as the middle eastern oil export has reduced. As the war fears continue, Russia will continue to get more and more money from oil sales.
Additionally, countries that were getting oil from the Middle East now have to look for alternatives and Russia seems to be a relatively cheap one. Now many countries that wouldn’t even think about Russian oil are forced to buy it to meet their population's demand.
The war has also shifted attention from Ukraine to a different front. Leaving Ukraine out of the news allows Russia to continue the war without pressure for a ceasefire. Also, with the Russian economy doing better due to increased oil exports, the Kremlin can now put more money into the war budget, which would allow Russia to increase weapons on the Ukrainian front.
Literally, the world was previously trying to cut Russia out of the world and stop buying oil. But this war gives Russia an immense economic and war boost, which can help fuel their war in Ukraine. But on the bright side, Iran was selling many drones to Russia. Now that Iran is in a war those drone sales have drastically dropped. Also, in the long run if America manages to oust and replace the current anti-American Iranian regime, Russia will be left with less allies. But the war still puts Russia in a better position as solving their economic crisis was a big issue, and now even though it’s unwanted the world is solving it for them.
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