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| The Iran war has slashed oil exports from the Persian Gulf, creating a global supply shortage that’s just starting to hit markets. As prices are driven up and broader economic impacts unfold, winners and losers will begin to emerge.
Russia was enjoying the boost in oil revenues until Ukraine took out a chunk of its energy infrastructure with drone strikes. And those strikes don’t look like they’ll stop anytime soon. Russia’s support for Iran is also garnering political backlash that will weaken Putin’s long-term position. Ukraine is emerging as a winner, as its low-cost drone tech has secured deals with Gulf states to scale production and secure Ukraine’s position as a leader in military tech.
The Iran war is reshaping global alliances in ways nobody could have predicted, so we’ll continue to explore the winners and losers of this conflict in this new series. |
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