alt Hacker NewsAlternative scenario:
Iran should be militarily defeated in a few weeks, so that's a brief shot in the arm.
If Iran gets a half decent government and sanctions on Iran are lifted, that would lower oil prices and hit the Russian economy.
Alternative scenario:
Iran should be militarily defeated in a few weeks, so that's a brief shot in the arm.
If Iran gets a half decent government and sanctions on Iran are lifted, that would lower oil prices and hit the Russian economy.
By way of comparison, Iraq's oil production didn't return to the pre-war level until mid 2012.
It's probably reasonable to expect several years of disruption to Iranian oil even if sanctions were to be completely lifted in the very near term.