Monday, March 2, 2026

Moscow gloats over potential oil price spike from Iran war  – POLITICO

In addition to the closure of the Strait of Hormuz, U.S. President Donald Trump has taken control of Venezuela's oil. This mean major importers such as India and China could have to look to Russia to provide even more crude supplies, helping Moscow's coffers as it enters its fifth year of war with Ukraine. 

"For our budget [the attack on Iran] is a big plus," prominent Kremlin propagandist Vladimir Solovyov told his viewers. 

 "If Trump strikes Iranian oil fields, then, as unfortunate as it sounds, we [Russia] would become one of the few remaining [oil] producing countries." 

"So we are gaining a trump card in this complex game," he concluded…

https://www.politico.eu/article/russia-oil-price-iran-war-strait-of-hormuz/ 


 

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