Iran’s sale of drones to Russia and reported engagement on the ground in Ukraine could further complicate its already rocky relationship with the West. But despite this, Iran and Russia still stand to gain geopolitically and economically from an expansion of their collaboration, even if it is a partnership of convenience.
Lebanon and Israel reached a historic agreement last week settling a years-long maritime border dispute involving major energy fields in the Mediterranean Sea. The agreement paves the way for the two countries to cooperate on gas extraction, but it stops short of a full Lebanese diplomatic recognition of Israel.
OPEC+ announced last week that it will cut oil production by 2 million barrels per day starting in November, driving up prices globally. The U.S. responded by framing the cuts to oil production as a nakedly self-serving move that will benefit Russia, singling out Saudi Arabia as the ringleader of that collective effort.