Moscow Welcomes Iran Conflict Amidst Oil Price Spike Hopes
The closure of the Strait of Hormuz and the U.S. seizure of Venezuela’s oil supplies could significantly benefit Russia’s economy. Major oil importers like India and China may be compelled to increase their reliance on Russian crude, thereby bolstering Moscow’s revenues during its ongoing conflict with Ukraine. This situation is viewed favorably by Russian state media, with some commentators explicitly stating that Iran’s diminished oil output would make Russia a crucial supplier, enhancing its geopolitical leverage.
John Q. Hosedrinker