Russia and Iran Are Allies Against West, Rivals in Commodity Sales

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Russia and Iran Are Allies Against West, Rivals in Commodity Sales
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“It’s murderous.” Iran and Russia are engaged in a fierce competition for sales of oil, refined crude products and metals, even as they align against the West on sanctions and Ukraine.

The contest for market share in India and China is hurting Tehran’s ability to withstand economic pressure from Western sanctions

High oil prices have been beneficial for OPEC+, an alliance of oil-producing countries that controls more than half of the world's output. WSJ’s Shelby Holliday explains what OPEC+ countries are doing with the windfall and why they aren’t likely to distance themselves from Russia.

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