Zelensky: Iran war prolongs boost Russia's oil economy
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- Ukrainian President Volodymyr Zelensky states that a long war in Iran would be highly advantageous for Russia and detrimental to Ukraine, due to surging oil prices and loosened U.S. sanctions benefiting Russia's economy (Axios).
- Iran has reportedly neutralized US-Israeli radars and sensors, potentially altering the conflict's trajectory (Responsible Statecraft).
- Responsible Statecraft raises doubts about the ability of Gulf states to remain uninvolved in the war with Iran.
- Spain has closed its airspace to US aircraft participating in the Iran conflict (BBC World).
- The UN has sided with Gulf states in a strong rebuke of the Iran war (Asia Times).
- Asia Times questions whether the US dollar is truly gaining ground in the Iran war.
Why it matters: Russia's oil-dependent economy receives a significant boost from surging oil prices and loosened U.S. sanctions.
