While much of the world is suffering from the ongoing closure of the Strait of Hormuz and the resulting spike in energy prices, Russia has enjoyed a rare windfall. An easing of U.S. sanctions coupled with higher crude prices have propelled Moscow’s oil revenues to their highest point this year.
Is Russia emerging as a winner from the U.S. and Israeli war on Iran? What does conflict in the Middle East mean for the war between Russia and Ukraine?
Alexander Gabuev argues that U.S. President Donald Trump’s moves in Iran and Venezuela are not only a boon to Russian interests but also will push Moscow into a deeper partnership with Beijing. The director of the Carnegie Russia Eurasia Center joined FP’s Ravi Agrawal to explain how Russia is navigating a moment of particular global flux.