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  1. It is way more of a strategic loss to Russia than a benefit. The free market will work itself out in the long run.

  2. So price is up for them by about $20/barrel and gas is set to be in higher demand because of Qatar going offline.

    I don’t expect it to last long. Iran is fighting back about as hard as they can but they’ll diminish quickly, particularly with no oil for their own economy and the internal conflict they fight. The U.S. isn’t planning to invade them, just destroy their ability to project power or fight their own people.

    The shadow fleet has lost Venezuela and now Iran while getting chased by Ukraine, Europe and even the U.S. so it’s not a reliable source the nations buying through it will continue to work towards sourcing other providers.

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