Saudi Arabia is reaping a massive oil windfall, making it perhaps the Iran war’s only winner. Tehran’s proxies actually ‘did Saudi a favor’
At the same time, Brent crude futures have soared roughly 75% this year and are trading at about $107 per barrel. As a result, Saudi Arabia’s annualized export revenues are now at $210 billion, up from $150 billion before the war, Brooks estimated, adding that the windfall is more than 6% of GDP.
https://finance.yahoo.com/energy/articles/saudi-arabia-reaping-massive-oil-163024899.html
An analysis that I hadn’t heard discussed previously……..
May sound crazy but driving the price of oil up to bailout Saudi Arabia is a likely possibility. The Saudi finances have been failing and many of their projects to diversify their economy have been a bust.