Oil Prices, Sanctions, and War: What the US–Iran Conflict Means for Ukraine
The US and Israel’s war in Iran is reshaping the economic foundations of the war in Ukraine. Rising oil prices are giving Russia’s war economy short-term relief, boosting revenues and easing pressure from sanctions.
Despite the provisional ceasefire announced on April 8, uncertainty remains — and the economic consequences of the conflict are already being felt across global energy markets.
Economist Timothy Ash explains how oil prices, sanctions, and global economic trends could determine the trajectory of the war in 2026 and beyond.
Note: This episode was recorded before the April 8…
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