alt Hacker NewsIt’s not the ME countries who are profiting, because they can’t export. So it’s a net loss. (Saudi and oman win a bit, but in no comparison to the iraq kuwait loss)
The winners are mostly: Russia, Iran itself and (margibally) the US. But mostly Russia.
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Russia has banned the export of gasoline starting April 1st, because hits on infrastructure by Ukraine are causing internal shortages. They may be profiting in some other way but it’s unlikely through major exports.
https://m.economictimes.com/news/international/world-news/ru...
Over the past few months their oil facilities have been heavily attacked. It’s hard to believe they’re actually making a big profit from this in the short term.
The US isn’t winning. The owners of us oil companies may have won a little. Commodity gamblers won a lot by knowing what Trump would say and betting before he said it.
The US government and population have lost a lot of wealth.
The biggest winner is China. Countries/people who have any common sense will switch to solar, induction stoves (replacing LPG/LNG), batteries, electric vehicles (of all kinds). China is the only supplier of solar, batteries, EVs and all things electric with everyone else being a rounding error.