Russia Seeks Diplomatic and Economic Gains from Iran Conflict

Russia is positioning itself as a mediator in the Iran conflict, engaging in diplomatic exchanges with both Iran and the United States. This engagement follows recent telephone conversations between the Russian and Iranian presidents, and a discussion between President Putin and President Trump.

This diplomatic activity occurs while Russia continues its military operations in Ukraine. The Kremlin's stated aim is a swift de-escalation and political resolution in the Iran conflict, despite its ongoing conflict in Ukraine.

Economically, the conflict has led to increased global oil prices, which benefits Russia's federal budget. Russia's budget is predicated on oil exports at $59 per barrel, and current prices exceed this threshold.

Potential waivers of oil-related sanctions on some countries, as suggested by the US, could further increase Russia's revenue.