What does the UAE walking out of OPEC mean for Russia’s war on Ukraine?
Less oil money for Moscow. The architecture is fracturing—but no Kremlin collapse.
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global oil market
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BREAKING: UAE walks out of OPEC after six decades. Russia’s oil revenue takes the hit.
Iran war reorders the Gulf. Moscow’s price floor cracks.
Oil jumped 8% as Trump’s Hormuz blockade undid the ceasefire crash
Talks collapsed in Pakistan. A naval blockade replaced a truce. For Russia’s war revenues, the brief window of relief is over.
Iran threatened to close Hormuz. That was enough.
When a strait closes on paper, prices move as if it has closed for real.
Brent at $100, Urals at $91: the Iran war handed Moscow its best oil week in years
Washington is fighting Iran and bankrolling Moscow at the same time.
Iran regime collapse would crash oil prices, weaken Russia’s war funding — analyst explains double blow to Moscow
Meanwhile, Russia's alliance network and war economy both shrinking.