Putin Cashes In on Trump’s Iran War

Russian President Vladimir Putin is enjoying an unexpected windfall from the escalating war in the Middle East: a sudden rebound in demand for Russian oil.

As global energy markets reel from disruptions in the Persian Gulf, the U.S. Treasury Department has temporarily eased some sanctions on Russian crude, allowing select buyers—including India—to purchase oil shipments that had been stranded at sea.

America's Iran conflict has resulted in a sudden windfall for Vladimir Putin. / Gavriil Grigorov / via REUTERS

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