Putin’s praying U.S-Iran peace talks don’t happen
The Iran conflict has handed Moscow up to $150 million extra per day in oil revenue, at a moment when its budget was already running on fumes.
Sweden’s military intelligence chief says Russia needs Urals crude above $100 a barrel for a full year just to close its deficit.
Right now, the Iran war is doing the heavy lifting.
A ceasefire doesn’t just end things for Washington and Tehran, it also pulls the plug on one of Moscow’s few remaining economic lifelines.
Putin has never been more invested in a war he’s not fighting.
Source: FT