Russia Is Being Paid by Both Sides of the War It Is Fuelling
Washington is simultaneously sanctioning Russia, waiving those sanctions, and fighting a war that generates the oil revenue funding Russian operations.
Washington is simultaneously sanctioning Russia, waiving those sanctions, and fighting a war that generates the oil revenue funding Russian operations.
Brent traded between $84 and $119 on the same day. Then Trump said the war was over and oil dropped $15 in minutes while every ceasefire channel remained closed.
Israel struck Tehran's fuel depots at dawn. By nightfall, Iran's Kheibarshekan missiles hit Haifa's refinery. The first mutual energy infrastructure exchange since 1980.
In the same week Moscow gave Iran targeting data on American troops, OFAC issued three general licences easing sanctions on Russian oil.
Five insurance companies shut down 20% of global seaborne oil. No mines. No blockade. No navy required.