Iran, Israel, and the US tensions intensify as Strait of Hormuz closure forces all oil-importing nations to seek alternative oil supply routes. Amid the Middle East’s current situation, Russia’s oil industry is benefiting from the US-imposed sanctions since Ukraine’s conflict began in 2022. According to a Financial Times report, Russia has profited significantly due to the increase in crude oil prices. The report states that Iran has earned up to $150 million a day in budget revenue from Russia’s oil sales during the conflict.
Russia sold its crude oil at around $52 per barrel for about two months, but now it is being sold at $70-80 per barrel. US Treasury Secretary Scott Bunting has announced that the US will lift sanctions on Russian oil by April 11. The report suggests that China and India, who were already major buyers of Russian crude oil, have increased their oil imports from Russia by about 22% since the US and Israel’s February 28 attack on Iran.
A report estimates that Russia has earned an additional $1.3 billion to $1.9 billion in oil exports from Iran during the first 12 days of the conflict. If the Strait of Hormuz remains blockaded, Russia is expected to earn an additional $3.3 billion to $5 billion by the end of the month. The Trump administration had lifted sanctions on Russian oil for 30 days during the conflict.
Iran’s government has executed a man accused of spying for Israel. According to the state-run news agency, a large number of government officials, military leaders, and members of various social classes attended the funeral. Russia has sent a message to Iran’s National Security Council Chief Ali Larijani, who died in the execution.
In a conversation with journalists in Geneva, Max Duplessis, a member of the UN’s Fact-Finding Mission, said that the investigation is in its initial stages. Pakistan’s President Asif Ali Zardari has expressed deep sorrow and regret over the attack on Larijani, saying that he is with the Iranian government and people in their time of grief. A US report claimed that Russia was sharing satellite images and advanced drone technology with Iran.
According to Arab media, citing Israeli media, the government is reviewing the operation’s results. A provincial deputy governor in Iran said that the attack was carried out on the city of Dorud in the province of Lorestan. The US administration has stated that the resignation of Cuban President Miguel Diaz-Canel is a fundamental condition for ending energy sanctions.
Hamas has expressed condolences to the Iranian people on the death of Ali Larijani. China has announced that it will provide emergency humanitarian aid to Iran, Jordan, Lebanon, and Iraq during the ongoing conflict in the Middle East. US President Donald Trump has announced that White House Chief of Staff Susie Weil has been diagnosed with breast cancer in its initial stages.
Ali Abdulhai said that their reaction will be unusual. The National Mobilization Front announced that they have declared war on the Taliban regime’s extremism and aggression. The front’s women are ready to save the country from the grip of this terrorist group. The country is waiting for the new supreme leader’s stance on this matter: Abbas Iraqchi.
The balance of power in Iran has shifted towards hardline factions following the death of senior Iranian politician Ali Larijani in the Israeli attack, reducing the chances of a diplomatic solution to the ongoing conflict. DG ISPR has said that the drone used by the Taliban in their attack on Pakistan was supplied by India.
In response to the ban on Indian airlines in Pakistani airspace, the Indian government has banned Indian aircraft from flying over Pakistan for another month. According to a note, Indian airlines, registered in India, have been banned from flying over Pakistan for an additional month, and Indian aircraft will remain grounded until April 24.
A message on the photo-sharing app Instagram stated that Usman Khawaja’s third daughter, Amira Maya, was born on March 13.
