Iran is suffering huge losses due to the attacks by America and Israel. Iran’s Supreme Leader Ayatollah Ala Khamenei was killed at the beginning of the war and now Israel claims that it has killed Ali Larijani, Secretary of Iran’s Supreme National Security Council. But one of the biggest ironies of this conflict is that this war is filling Iran’s coffers.
In response to US and Israeli attacks iran Targeting American interests in Israel and Gulf countries. Iran is carrying out major attacks on the energy infrastructure of Gulf countries. Iran has also closed the Strait of Hormuz, an important sea route for oil supplies to the Middle East. Due to this, the price of crude oil has reached above $100 per barrel. The biggest beneficiaries of rising oil prices are America’s two staunchest enemies, Iran and Russia.
The huge loss of this war is being felt in Asia where buyers are struggling to store oil and gas and find new suppliers. But its financial benefits are going in the opposite direction – to Iran, which is selling oil despite the war and sanctions. And Russia Also, who is earning huge income by selling oil.
Russia and Iran are taking advantage of the market situation
On Tuesday, the 18th day of the war, Iran attacked energy infrastructure in the United Arab Emirates (UAE) and Iraq, including Shah Field and the port of Fujairah. Amidst the intensifying attacks by Iran, the price of global benchmark Brent crude has again reached around $ 105 per barrel.
The war in the Middle East has now entered its third week and shows no signs of abating.
from the gulf countries Oil Supply, limited shipping and high Brent prices are the market conditions in which Iran and Russia can make unusually big gains.
The money Iran is getting from the war is direct and immediate. According to a report by the Financial Times, amid the surge in prices, Iran is earning more than $140 million daily by selling oil.
Iranian is not restricting the supply of oil America
Iran is able to sell its oil because America is allowing countries to sell their oil to avoid worsening the global supply crisis. America is attacking Iran militarily, but is not completely stopping its oil exports. According to reports, at least 13 supertankers have loaded crude oil from Kharg Island, Iran’s main export terminal, since the American and Israeli attacks.
Data from data analytics firm Kpler shows that about 24 million barrels of Iranian crude oil during this period Strait of Hormuz Passed through. Iran’s oil is easily passing through Hormuz while oil tankers of other countries are being stopped and attacked.
Speaking to CNBC, US Treasury Secretary Scott Besant said, ‘Iranian ships are already leaving and we have allowed that to happen so that the rest of the world can keep getting supplies. We feel that there is a natural path open which the Iranians are using and for now we are satisfied with it. We want the oil supply to remain intact in the world.
This clearly means that Tehran is not only standing firm in the war against America, but is also earning money from it. Iran’s advantage is not just that it is selling oil, but that the war has given it an opportunity to tilt the regional market in its favor.
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