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'Russian barrels are in demand' — Oil price spike boosts Russia's economy

The Iran war could be a boon for Russia, experts say, as turmoil in global energy markets changes the calculus for the world's largest petrostate. January and February this year were bleak on the fiscal front for Russia, as low oil prices, a looming global oil glut, and compounding sanctions tightened the screws on Russia's energy sector. The country relies in large part on its colossal oil and gas revenues to fund its full-scale invasion of Ukraine — now in its fifth year. But energy prices h

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A Saudi Arabian arms company has signed a deal to buy Ukrainian-made interceptor missiles, the Kyiv Independent has learned, with one source within Ukraine's defense industry saying that Riyadh and Kyiv are negotiating a separate "huge deal" for arms that could be finalized this week. Iran’s recent air attacks across neighboring Gulf States amid the U.S. and Israel-led war against Tehran have kicked off a scramble for military equipment to combat ballistic missiles and Shahed attack drones. Wh

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