Russia and Saudi Arabia are buying Iranian oil to export globally amid US Sanctions and Tariff War

Israel, the US, and its allies have repeatedly put pressure on India, China, and Turkey to stop buying discounted oil from Russia and Iran. Recently, US President Trump has imposed tariff against India and many countries for buying discountable oil, due to which India, China, Turkey, Kazakhstan, and Indonesia have still imported Iranian oil from Russia. Due to which the relations between Israel and its neighbouring countries like Turkey, India, Kazakhstan and other countries are deteriorating. Because Israel has recently told OPEC countries that Russia and India together are reselling Iranian discountable oil, almost 50% of the revenue of which is going to the Iranian IRGC. Apart from this, Saudi Arabia is also importing Iran’s oil through Russia because most of Iran’s exports go to Russia through which Russia is increasing attacks on Ukraine with that oil and Iran is also using 50% of that revenue sharing against Israel. Recently, some reports have revealed that OPEC+ countries may possibly sell oil/gas in BRICS currency after the SCO summit 2025. Recently, it has been reported that most of the oil imports from Iran are also being imported by China, Syria, Venezuela, the UAE, Russia, India, and Saudi Arabia.

Why Saudi Arabia, Russia and OPEC buying cheap Russian Oil?

The Chinese oil and petroleum company has claimed that more than 100 countries will attend the upcoming SCO summit as the tariff war is set to benefit the Chinese-controlled SCO greatly. Recently, Saudi Arabia is selling Russian-Iranian oil in the OPEC+ market to reduce the cost of its oil production, due to which Saudi Aramco company is getting up to 20% revenue without any investment or expenditure. Because most of the oil production inside the Middle East countries is done by American, Israeli owned and British companies, whose cost is quite heavy but Saudi Arab is now importing discountable oil from Russia-Iran and selling it in the US and European markets. Actually, to generate money from oil import from Russia, India earns from Sri Lanka, Pakistan, Afghanistan, Nepal, Bhutan, Myanmar, Singapore, Lagos, Thailand and Indonesia.

Why does Trump impose tariff war on India and China while EU and Africa are buying Iranian-Russian Oil?

Saudi Arabia is now earning the biggest revenue from US, Europe and African countries. So it has been told that India, China, Turkey and other Central Asian countries like Russia, Iran and Saudi Arabia have also tried to import oil in local currencies. Although most European and Middle Eastern countries keep buying something or the other from Russia and Iran, but only India, China and Saudi Arabia are buying as much as Russia can afford for the Ukrainian war. So at such a time, the US has started a big war against India, China, Japan, EU and East Asian manufacturing countries, which in future will affect the oil, labor, employment, manufacturing and production revenues of the whole world including the US.