A US-Iran war is causing a dangerous oil shock, ironically enriching both Tehran and Moscow. As Gulf energy assets and shipping are disrupted, crude prices surge, providing a revenue windfall for Iran and benefiting Russia through tighter global supply and renewed Asian demand. A US-Iran war is causing a dangerous oil shock, ironically enriching both Tehran and Moscow. As Gulf energy assets and shipping are disrupted, crude prices surge, providing a revenue windfall for Iran and benefiting Russia through tighter global supply and renewed Asian demand.
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Over $100mn per day: How global oil shock has turned into a jackpot for Iran and Russia
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