Russia could emerge as key winner as US-Israel war with Iran upends global energy supply, report says

The ongoing conflict between the US and Israel against Iran has significantly impacted global oil markets, leading to increased prices and disrupted exports from the Gulf region. Analysts suggest that this situation may inadvertently benefit Russia, as the rise in crude oil prices, coupled with a resurgence in Indian oil purchases, could substantially enhance Moscow's oil revenues. With the potential for temporary sanctions relief and growing demand for Russian oil, experts estimate that this turmoil could result in billions of dollars in additional revenue for Russia. As the geopolitical landscape evolves, the implications for global energy supply and market dynamics remain critical, particularly for countries reliant on oil imports, including India.