The Russian economy’s dependence on oil and gas exports makes it vulnerable to fluctuating prices.
US President Donald Trump has gone out of his way to support Saudi crown prince MBS and Israeli prime minister Benjamin Netanyahu, while the former is accused of murder and the latter faces corruption allegations.
After hitting a peak just a month ago, oil prices have plunged, leaving many to wonder about the exact reasons behind the wild fluctuations.
By pulling out of the nuclear accord with Iran, Trump is gambling that Iran wont rock the boat too much. That may prove complacent.
Major oil producing countries are struggling to reach an agreement on the future price of oil.
Subscribe to our Youtube channel for all latest in-depth, on the ground reporting from around the world.
Copyright © 2023 TRT World.
Like
Follow