Moscow Gloats Over Oil Price Spike from Iran War

Tuesday, March 03, 2026

Russian President Vladimir Putin may have lost another close ally after the death of Iranian Supreme Leader Ayatollah Ali Khamenei, but an oil shock from conflict in Middle East spells potential good news for his war chest.

Posted by reinheitsgebot at 12:31 PM | 5 COMMENTS | permalink | Comment on This Entry |

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Despite sanctions, Iran is one of the world's major oil producers, with much of its crude exported to China. n.pr/3N9eJKA

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-- NPR (@npr.org) Feb 28, 2026 at 12:51 PM

What matters for China the most: Positive for them: US busy, uses its military reserves at scale Europe busy (between Putin and Trump) Taiwan opens up BUT: Strait of Hormuz traffic went down by 70% today. 45% of their crude oil goes through the Strait of Hormuz. Their next choice - Russia.
-- Olga Nesterova (@onestpress.onestnetwork.com) Mar 2, 2026 at 1:18 PM

Comments

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#1 | Posted by C0RI0LANUS at 2026-03-02 07:35 AM | Reply

You did it, why castigate observers? Where's the logic?

#2 | Posted by fresno500 at 2026-03-02 09:59 AM | Reply

I bet Vlad is very very happy with this development. Trumpy just made "regime change" by assassination internationally acceptable.

Vlad the Impaler now has carte Blanche to take out any foreign leaders he does not approve of.

Zelensky better watch his back closer than ever.

#3 | Posted by donnerboy at 2026-03-02 10:31 AM | Reply

By blocking 20% of the world's crude from going thru the strait of hormuz, this will also make it harder for the world to boycott, or pretend to boycott, Russian crude.

So trump's boss in Moscow must be downright orgasmic in his gloating.

#4 | Posted by prius04 at 2026-03-03 04:02 PM | Reply

Putin make rake in more bucks but he won't be getting any more Shahed drones from Iran to use against Ukraine.

#5 | Posted by AMERICANUNITY at 2026-03-04 02:54 PM | Reply