Nikolay Kozhanov is a research associate professor at the Gulf Studies Center of Qatar University. He is also a senior research fellow at the Institut... e of World Economy and International Relations in Moscow.
Even if demand recovers by the end of the year, the oil market will be slow to recover.
Russia fears an escalation between Iran and Israel and wants to avoid it at any cost.
The uncertainty after the attacks is causing some big buyers to look for alternative supply channels.
Having vowed to protect the ‘downtrodden’, the Islamic Republic is unable to undertake any major structural reforms.
Russia might benefit marginally from a collapsing Iran nuclear deal but it does not see it as a positive development.