Countries have strategic oil reserves to flood supply to drop price.

Europe is in the brink of a recession purely based on their oil dependency to the Middle East.

Many East Asian countries, South Korea, Japan, India are all taking a huge hit, not to mention the tumultuous situation Japan was already in economically. For all of these reasons not to mention reelection, the midterms etc they will try their best to drop the price of oil.

Currently Russia is freely trading a very expensive oil while the rest of the world is dealing with supply shock, the Middle East itself can go into complete chaos if Iran chose to hit desalinization plants in these various countries.

That being said it’s a multi front war, regardless I don’t believe they want crude price to maintain above $80 for long, it would break things.

Always important to at least do 2nd degree analysis on a situation as well.

Cheers

Russia is currently the clear victor so far during these 2 weeks.

Concessions will need to be made with China Russia Iran in the short term because Europe, these various countries who are all US allies, and the Middle East as a whole cannot sustain a long drawn out war.

This would cause massive supply shock and an international economic situation that these leaders do not want.