Saudi Arabia Is Reaping a Massive Oil Windfall, Making It Perhaps the Iran War’s only Winner
5 Articles
5 Articles
Saudi Arabia is reaping a massive oil windfall, making it perhaps the Iran war's only winner—Tehran's proxies actually 'did Saudi a favor'
"Folks, at this point in time, any exports Saudi achieves via the Red Sea is just icing on their $100/barrel cake."
Even after attacks on its infrastructure and falling in exports, 75% of Brent raised the annualized revenue of the kingdom to $210 billion, according to estimates
The annualized revenues of Saudi Arabia from oil exports are now equal to 210 billion dollars. The Saudi Arabia article, boom in oil revenues thanks to the Iran war comes from Fortune Italy.
Saudi Arabia is reaping a massive oil windfall, making it perhaps the Iran war’s only winner
The headlines have not been good for Saudi Arabia since the Iran war started: GDP has contracted, Iran-backed forces have attacked its oil infrastructure, and the kingdom saw its top rival close the Strait of Hormuz. On top of that, President Donald Trump reportedly turned down Saudi requests to help fight Houthis threatening Red Sea […]
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