Putin’s Iran War Dividend Raises Alarm Among Some US Allies
The worry in Europe and the Gulf is that energy market disruption will boost Russia’s hand.
Source: Bloomberg
As Vladimir Putin emerges as the winner in the US-Israel war on Iran, even the prospect of a short-term gain for Russia is alarming officials in Europe and the Gulf.
The turmoil in the Middle East offers Russia’s president an opportunity to rescue his embattled economy just when he needs it. The worry is that Europe will buckle over vital oil and gas supplies, giving Russia greater leverage and reinforcing its hand in the four-year war against Ukraine.