Axios: Russia wins economic war


 
 
2. 🛢️ Russia wins economic war
 
A line chart showing prices of select crude oil benchmarks from January 2026 to March 2026. For most of the time period, the price of the international oil benchmark (Brent) and the Russian oil benchmark (Urals) remained between $50 and $80 per barrel. By March 9, prices rose sharply to $101 for Urals and $99 for Brent.Data: Financial Modeling PrepTrading Economics. Chart: Axios Visuals

Russia is emerging as the clearest economic winner from the war with Iran, Axios Markets‘ Emily Peck writes.

Why it matters: Higher oil prices are good for countries that export oil.

You can see it in the data. The price of Russian crude oil has skyrocketed since the war began, surpassing the international oil benchmark this week (charted above) despite heavy Western sanctions.

Other winners include major oil exporters insulated from Gulf instability: Norway and Canada in the developed world, and Nigeria and Colombia among emerging markets.



A projectile approaches what the Pentagon described as an Iranian naval vessel near the Strait of Hormuz yesterday. Photo: CENTCOM⚡ 

Pictured above: The U.S. military destroyed 16 Iranian mine-laying naval vessels yesterday amid concerns that Iran is preparing to deploy mines in the Strait of Hormuz, Axios’ Barak Ravid writes.

A senior U.S. official told Axios the strike on the inactive ships was a preemptive measure resulting from intelligence about Iran’s operational plans.

President Trump threatened Iran in a Truth Social post with “military consequences” at a level “never seen before” if the regime places mines in the Strait.“If, on the other hand, they remove what may have been placed, it will be a giant step in the right direction! Additionally, we are using the same Technology and Missile capabilities deployed against Drug Traffickers to permanently eliminate any boat or ship attempting to mine the Hormuz Strait. They will be dealt with quickly and violently. BEWARE!Keep reading.
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About michelleclarke2015

Life event that changes all: Horse riding accident in Zimbabwe in 1993, a fractured skull et al including bipolar anxiety, chronic fatigue …. co-morbidities (Nietzche 'He who has the reason why can deal with any how' details my health history from 1993 to date). 17th 2017 August operation for breast cancer (no indications just an appointment came from BreastCheck through the Post). Trinity College Dublin Business Economics and Social Studies (but no degree) 1997-2003; UCD 1997/1998 night classes) essays, projects, writings. Trinity Horizon Programme 1997/98 (Centre for Women Studies Trinity College Dublin/St. Patrick's Foundation (Professor McKeon) EU Horizon funded: research study of 15 women (I was one of this group and it became the cornerstone of my journey to now 2017) over 9 mth period diagnosed with depression and their reintegration into society, with special emphasis on work, arts, further education; Notes from time at Trinity Horizon Project 1997/98; Articles written for Irishhealth.com 2003/2004; St Patricks Foundation monthly lecture notes for a specific period in time; Selection of Poetry including poems written by people I know; Quotations 1998-2017; other writings mainly with theme of social justice under the heading Citizen Journalism Ireland. Letters written to friends about life in Zimbabwe; Family history including Michael Comyn KC, my grandfather, my grandmother's family, the O'Donnellan ffrench Blake-Forsters; Moral wrong: An acrimonious divorce but the real injustice was the Catholic Church granting an annulment – you can read it and make your own judgment, I have mine. Topics I have written about include annual Brain Awareness week, Mashonaland Irish Associataion in Zimbabwe, Suicide (a life sentence to those left behind); Nostalgia: Tara Hill, Co. Meath.
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