Source: Responsible Statecraft
by Ian Proud
“Both Russia and Iran illustrate that wars with oil-rich countries cause oil prices to surge. By using actual warfare alongside economic warfare, the Trump Administration has increased Iran’s economic advantages at America’s expense. With Steve Witkoff and Jared Kushner no-showing in Islamabad for peace talks, Iran’s Foreign Minister Abbas Araghchi continued his shuttle diplomacy to Oman and Moscow on Monday. It is without question that Iran and Russia are two countries who have in many ways shocked the world community with their resilience in the face of sanctions and embargoes.” (04/28/26)