Many analysts feared the war in Iran waged by the United States and Israel would have disastrous consequences for Ukraine.
A range of issues resulting from the conflict have in fact hurt Ukraine. But the biggest consequence of the war, both globally and for Ukraine, has been its impact on oil.
Money, and the economy more broadly, are known as the sinews of war. In Russia, oil revenues are the sinews that power the Russian economy and the country’s military more broadly.
