March 13, 2026
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4:28Now PlayingSky's Paul Kelso looks at how soaring oil prices are benefiting Vladimir Putin and Russia's war against Ukraine.
Iranian attacks on shipping in the Strait of Hormuz have pushed up the price of oil above $100 per barrel.
But Russian oil is not transported through the strait - that means it is cheap... and in demand.
#iran #straitofhormuz #middleeast #globaleconomy
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