
The ongoing conflict involving the US, Israel, and Iran has led to rising global oil prices and regional instability, benefiting Russia economically and strategically. Despite sanctions and its war in Ukraine, Russia has leveraged the crisis by positioning itself as a diplomatic intermediary and increasing oil exports to new buyers like China and India. US officials estimate Russia has gained billions in additional revenue from higher energy prices amid disruptions around the Strait of Hormuz, a key global oil transit route.
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