“Soaring oil prices pushed the White House to lift sanctions on the sale of Russian crude currently at sea, freeing hundreds of millions of barrels”
“Moscow was already profiting from the war. The same high prices have boosted its revenues by $150 million a day, with Urals crude up 40% month-on-month. It is “a stark reversal in fortunes,” the Financial Times noted: Moscow had been struggling with falling oil prices and lower sales to India under Washington’s pressure”
“The Kremlin will also be pleased the US has used huge numbers of munitions, notably advanced missiles that Ukraine badly needed”
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And Russia is an ally of Iran, probably it’s only ally
“Moscow was already profiting from the war. The same high prices have boosted its revenues by $150 million a day, with Urals crude up 40% month-on-month. It is “a stark reversal in fortunes,” the Financial Times noted: Moscow had been struggling with falling oil prices and lower sales to India under Washington’s pressure”
“The Kremlin will also be pleased the US has used huge numbers of munitions, notably advanced missiles that Ukraine badly needed”
🟡 Semafor Flagship: Headwinds | Semafor
A US tanker aircraft crashes as the Iran war losses mount, Russia profits from rising oil prices, and a Mormon writer loses $10,000 to illustrate the risks of sports gambling.
And Russia is an ally of Iran, probably it’s only ally
