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Otoh, what russia desperately needs in the short term is oil prices to go up, so there is probably a major silver lining for them.
by bawolff 8mo ago
Otoh, what russia desperately needs in the short term is oil prices to go up, so there is probably a major silver lining for them.
- sekai 8mo ago> Otoh, what russia desperately needs in the short term is oil prices to go up, so there is probably a major silver lining for them. And they will again appear weak and incapable, unable to help their allies
- null_deref 8mo agoIsn’t this a fact set in stone by now? Armenia, Syria, Iran in the previous months
- dragonwriter 8mo ago> And they will again appear weak and incapable, unable to help their allies Iran and Russia have various partnership agreements, but are not allies. And Russia has already demonstrated that it doesn't support what are, on paper, close allies in the CSTO, so not defending a non-ally strategic partner really doesn't move the needle on their credibility.
- dzhiurgis 8mo agoIran’s oil is sanctioned hence not on public market. Does it really have much influence?
- citrin_ru 8mo agoChina buys Iranian oil, if they’ll start to but oil from non-sanctioned countries it will push prices up. But the biggest reason for prices to go up is the risk that Iran will attack tankers in the strait of Hormuz or oil infrastructure on Arabian peninsula.
- dzhiurgis 8mo agoExcept that Iran's oil also going to end up in non-sanctioned market, pushing prices down.
- antonkochubey 8mo agoYes, because if it stops flowing, demand on the public market will increase, and prices will rise.
- bawolff 8mo agoIt does, but the primary concern is iran stopping oil transit by other countries in the strait of hormuz, not their own oil. Which they did just start to do.